Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations.  This step is also one of the more significant steps involved in a business combination transaction.  Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process.  This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”).

Learning Objectives
  • Identify the steps within the acquisition method for business combinations.
  • Identify overall recognition conditions for intangible assets.
  • Discover and distinguish between different categories of intangibles assets.
  • Recognize the accounting alternative available for private and not-for-profit entities.
  • Identify overall measurement principles including specific exceptions.
Last updated/reviewed: August 26, 2023
9 Reviews (40 ratings)

Reviews

5
Anonymous Author
Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations. This step is also one of the more significant steps involved in a business combination transaction. Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process. This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”)
5
Anonymous Author
Good reinforcement of business combinations that aligns with material presented in other courses. Enjoyed the supporting material.
4
Anonymous Author
I really enjoyed Recognizing Assets & Liabilities in a Business Combination (Text Based Course) it was a well thought out course
5
Member's Profile
This course thoroughly covered the subject matter and included many items that I have not encountered previously.
5
Anonymous Author
Text is well laid out and easy to read. Gives examples and clearly categorizes different assets
4
Member's Profile
general introduction but some overlap with another subject "business combination overview"
5
Anonymous Author
Great primer on business combinations. This course was thorough and easy to follow.
5
Anonymous Author
Tough course on business combinations, a lot of material to get thru.
5
Anonymous Author
I enjoyed the course, and I found it very informative.
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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
SUPPORTING MATERIAL
  Recognizing Assets & Liabilities in a Business CombinationPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam