Accounting for Business Combinations

Price: $39.00

CPE Credits: 4.0

Category:

Course Number: AABCOMKC

accounting for business combinations

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.  Table of Contents

Delivery Method:  Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorKelen F. Camehl, CPA, MBA

Publication: December 2018

Format: PDF
Pages: 91

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should 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

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.  Table of Contents

Delivery Method:  Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorKelen F. Camehl, CPA, MBA

Publication: December 2018

Format: PDF
Pages: 91

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should 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
  • I loved the course as it had current cases which I am familiar with. Best ethics course I have taken in recent memory. Thanks!”

    - Kathy

  • I wanted to compliment you on the Accounting Fraud – Recent Case Studies (AUCASEMC) course I just took. The ebook was fantastic! Concise, easy to understand, very well structured, and very interesting. Exactly the way I like it. Thank you for putting it together. I feel it took me enough time to be worth 2 CPEs, but it was fantastic nonetheless. Thank you.

    - Mark R.

  • Thank you for providing very informative CPEs. I have enjoyed your courses for years now. Yours is truly my go-to CPE sources.

    - Lily