Accounting for Business Combinations ON DEMAND

Overview

Expand your expertise in the field of business combinations with this detailed course focused on the FASB ASC Topic 805. As a finance, accounting, or tax professional, you’ll benefit from an in-depth exploration of the requirements for accounting and reporting in business combinations. This course not only covers the fundamental steps involved in the acquisition method but also dives into the more intricate aspects such as the measurement of assets and liabilities, identification of intangible assets, and the complexities of goodwill and bargain purchases. With a focus on the practical application of these standards, you’ll gain insights into financial statement disclosures and the specific concessions available to private entities. This course not only enhances your theoretical knowledge but also sharpens your practical skills, preparing you to confidently handle the challenges and opportunities presented by business combinations in your professional career.

Highlights

The acquisition method. Financial statement disclosures and business combination. Business combination achieved in stages. Reverse acquisitions. Private company alternative. Asset acquisition vs. Business combination.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Identify the definition of a business as it relates to a business combination transaction. List the steps involved in the acquisition method. Identify the acquisition date for a business combination. Recognize principles and exceptions in the measurement of assets and liabilities of a business combination. Cite differences between the various categories of intangible assets. Recognize how to measure goodwill and gains from bargain purchases. Identify the measurement period for business combinations. Recognize financial statement disclosures related to business combinations. Identify the relief afforded to private entities with respect to accounting for business combinations. Cite differences between measurement principles of business combinations and asset acquisitions. Identify the difference between an acquiree and an acquirer.

Preparation

None.

Notice

None.