1 CPE When an entity (the buyer) takes control of another entity (the target), the fair value of the underlying exchange transaction is used to establish a totally new basis of accounting of the acquired entity for business combination purposes. Generally, goodwill and non-controlling interests result from acquisition transactions.
Business combination accounting can be very complex, particularly because fair value measurement of acquired assets and assumed liabilities is generally required. This course highlights the answers to the most common questions faced in the business combination process in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805: Business Combinations, including the proper calculation of goodwill.
Learning Objectives
- Discover the basic principles in Accounting Standards Codification (ASC) Topic 805: Business Combinations that generally underlie business combination transactions.
- Explore the primary four-step business combination model.
- Identify initial recognition and measurement matters, including proper accounting of goodwill and non-controlling interests.
Last updated/reviewed: August 10, 2023
29 Reviews (79 ratings)
Reviews
Anonymous
(Contoller)
Instructor was clear, concise and understandable. The slide presentation was to the point and did not stray from what the instructor presented. As an overview of the topic, I highly recommend. I would have liked this to be a longer course to provide more examples as I was trying to place this information in relation to my experiences. I plan on taking more courses by this instructor.
Anonymous
()
This course was a nice overview, but would have been better with more examples using dollar amounts. Both the slides and speaking were kind of hard to follow in a few places (eg, after repeated reference to non-controlling interest I got confused as to who was who in the transaction), but I still got the point overall.
Anonymous
(Accounting Manager: Statutory Reporting)
Course provided a great overview of the business combinations model to be followed when there is a change in control of a legal entity. I appreciated the considerations placed on the steps in the process that come before determining the PPA of the purchase and what constitutes a change in control.
Anonymous
(Experienced Manager)
This training does a great job in providing a thorough overview. It touches on various situations that may come about during a business combination. The slides are wordy so if you're a visual learner, they may be difficult to follow.
Anonymous
(Finance and Accounting Consultant)
The instructor is very knowledgeable about the subject matter and the course provides a good overall value. There appears to be a technical issue related to the functionality of the microphone, which can hopefully be resolved.
Anonymous
(Controller)
Great overview of business combinations. Would be great to see more around pushdown accounting, especially for startups that have private equity investors and unique implications around elimination of accumulated deficits.
Anonymous
(Accounting Manager)
Good overview of business combinations. Some of the topics in the second half of the presentation, along with the example with accounting entries, was very rushed and could have benefitted from extra time.
Rahman Ullah
(Senior Accountant at Cardtronics)
This course is a good recap and overview of business combination and non controlling interest. The presenter could have used better slides to show ownership %s etc to categorize nci equity etc
Maya Walker
(Global Controller at Fourth Enterprises)
Nice overview and appreciated the examples. I think in general, it's helpful to use some real life examples or stories to frame the subject matter and create more excitement for the topic.
Katherine Baltera
(Senior Consultant at Salo LLC)
This was straight to the point; business combinations accounting put in layman terms. It was exactly what I was looking for, a general, high-level overview of business combo accounting.
Anonymous
(Sr Financial Reporting Analyst)
Very thorough overview of accounting for business combinations. Explained the fundamentals well and also the lesser likely scenarios and circumstances involved.
John P Stephens
( at Liquid Environmental Solutions)
Good, fairly detailed content. There were one or two concepts that I wish more time had been devoted to. This could have easily been a 1.5 or 2 hour course.
Inna Shmukler
(Controller at Fornetix LLC)
It is a good course to refresh your memory about business combinations. For the first-time learners a longer and more detailed course would be better.
Anonymous
(Controller)
This is a good overview, but it would be helpful to add additional time with more accounting examples and make this a 2 or 3 hour CPE course.
Anonymous
(Controller)
I liked all the detail. She actually taught the mechanics of the accounting needed for business combinations and goodwill calculations.
Anonymous
(Consultant)
This session is a great overview of ASC805 for anyone new to ASC805 and a review for someone who has worked on business combination.
Jatin Talreja
(Financial Accounting Consultant at Wells Fargo)
Good overview of business combination but practical examples for measurement period adjustment could be more useful
Jeffrey Kirsch
(CFO / VP Finance at Kirsch CFO Advisor)
I enjoyed this course and there is no doubt that Jennifer Louis is an expert with accounting for business combinations.
Anonymous
(Finance and Accounting Consultant)
This was a clearly laid out presentation and the discussions and examples presented were great for practical application.
Anonymous
(CFO)
Very quick overview of the process. I am in the process of a business combination, so it helped as a refresher course.
Anonymous
(CFO)
good course for all accounting professional to take; instructor was very clear and concise about the concepts
Joe Defelice
(Consultant at Kranz & Associates)
This is a good overview of the concepts. Not a lot of detailed examples, but well put together text.
Anonymous
(Consultant)
Good overview of business combinations. Serves its purpose as an introduction, leaves open nuances.
Anonymous
(CFO)
I enjoyed this class and the detail that was provided by the notes and presentation.
Robert Stellato
( at DS Smith)
Very good one hour course on biz combinations. Covered a lot of ground in an hour
Anonymous
(Accountant)
Great course. Very easy to follow and well taught by the professor.
Anonymous
()
Met what I needed - quick overview of business combinations
Lindsey Kranz Ramirez
( at Cohesity)
Helpful refresher course but not extremely detailed.
Anonymous
(Vice President of Technical Accounting)
Good coverage of key considerations in just an hour
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
.
Jennifer LouisCPA, President of Emergent Solutions Group LLC
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