Business Combinations and Consolidations

Price: $29.85

CPE Credits: 3.0

Category:

Course Number: AACBCCSB

business combinations and consolidations cpe

Description:
The Business Combinations and Consolidations course describes the accounting for business combinations, including the identification of goodwill, reverse acquisitions, and disclosures. The course also notes how to account for a reduced investment in an investee using the equity method. The course goes on to discuss goodwill impairment, the consolidation of financial statements, and the steps involved in integrating accounting activities following a business combination. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: December 2014
Updated: December 2017

Format: PDF
Pages: 71

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 circumstances under which step and reverse acquisitions occur.
  • Note the calculations required to determine the amount of ownership in an investee under the equity method.
  • Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used.
  • Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.
  • Recognize when financial statements are considered to be special-use.
  • Recognize the actions needed to centralize accounting activities following a business combination.

Description:
The Business Combinations and Consolidations course describes the accounting for business combinations, including the identification of goodwill, reverse acquisitions, and disclosures. The course also notes how to account for a reduced investment in an investee using the equity method. The course goes on to discuss goodwill impairment, the consolidation of financial statements, and the steps involved in integrating accounting activities following a business combination. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: December 2014
Updated: December 2017

Format: PDF
Pages: 71

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 circumstances under which step and reverse acquisitions occur.
  • Note the calculations required to determine the amount of ownership in an investee under the equity method.
  • Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used.
  • Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.
  • Recognize when financial statements are considered to be special-use.
  • Recognize the actions needed to centralize accounting activities following a business combination.
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