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Accounting for Business Combinations
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Accounting for Business Combinations
Course Description:
This course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial 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.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
• Identify the definition of a business as it relates to a business combination transactionCourse Description:
This course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial 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.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
• 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
Course Number:
KC12
NASBA Field of Study:
Accounting
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
December 2021
CPE Credits:
4
Prerequisites:
None
Advanced Preparation:
None
KC12
NASBA Field of Study:
Accounting
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
December 2021
CPE Credits:
4
Prerequisites:
None
Advanced Preparation:
None
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