Accounting for Business CombinationsCode: 23-ACCTCOMB

Price: $39.00
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Course Details

74 pages

Course description and objectives:

This course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed byFinancial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations.  The overall objective of the guidance included within ASC 805 is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.  Note that this course reflects changes issued through ASU No. 2017-01.   

Course Objectives:

After reading the materials, participants will be able to:

  •          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
  •          Differentiate 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
  •          Differentiate between measurement principles of business combinations and asset acquisitions

   

Presentation Method:   Self-Study

 

Category:  Accounting

CPE credit:  4 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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Very good course
Up to date and well-presented. Some topics are quite complex and they were covered briefly here but with references to outside sources if you need more information.
Carl Chatto
11/17/2023
Verified Buyer
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