Purchase accounting must be used unless certain conditions exist, in which case the pooling of interests method is required.

Name: Purchase accounting must be used unless certain conditions exist, in which case the pooling of interests method is required.
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Purchase accounting is generally required for business combinations. The pooling of interests method, which was once an alternative, is no longer allowed under current accounting standards (e.g., US GAAP and IFRS).

Purchase Accounting Must Be Used Unless Certain Conditions Exist, in Which