Instructor for this course
more

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 .
Course Syllabus
SUPPORTING MATERIAL
  PDFRecognizing Assets & Liabilities in a Business Combination
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM