To Access This Course:
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: October 07, 2020
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 .