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
- Identify the definition of a business as it relates to a business combination transaction.
- Explore 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.
- Discover and 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.
- Discover and differentiate between measurement principles of business combinations and asset acquisitions.
Last updated/reviewed: August 9, 2023
- 1. Common Yellow Book & Single Audit Deficiencies
- 2. Revenue Recognition (ASC Topic 606): Performance Obligations Part 2
- 3. Internal Control Fundamentals - Satisfying Audit Requirements for Evaluating Design and Implementation
- 4. Accounting for Held for Sale Assets (Text Based Course)
- 5. Do I Have a Lease? (Text Based Course)
- 6. Diversity, Equity and Inclusion - Understanding the Requirements
- 7. Reconciling Aged Open Payables and Outstanding Checks
- 8. Bookkeeping: Debits And Credits
- 9. The Controllership Series: Managerial Accounting Basics and Cost Principles
- 10. Fraud Auditing
33 Reviews (129 ratings)
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Kelen CamehlCPA, MBA