Instructor for this course

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: June 9, 2021

1 Review (16 ratings)Reviews

Anonymous Author
Text based course that covers the topic of business combinations.


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
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 .
Course Syllabus
  PDFAccounting for Business Combinations