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Business Combinations OverviewCode: 23-BCOMB
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Course Details
37 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.
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 how to
measure goodwill and gains from bargain purchases
- Identify the
measurement period for business combinations
- Recognize financial
statement disclosures related to business combinations
Presentation Method: Self-Study
Category: Accounting
CPE credit: 2 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