The corporate world is awash with merger and acquisition (M&A) activity as companies look to expand into new areas, diversify their product offerings, extend their territorial reach and use economies of scale to improve their bottom line. At the heart of any M&A transaction will be an accountant, but what does the M&A accountant do?
Firstly, there is a significant amount of preparation, documentation and due diligence that goes into the merger and acquisition process. At the forefront of this will be the Report and Accounts - companies contemplating a potential purchase will want to know exactly how healthy the financial position of their future partner or target is. This initial overview will help establish whether the merger or acquisition is worthwhile, financially secure and ultimately, a productive move.
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