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Course Details

Accounting for Business Combinations (Course Id 1120)

Updated / QAS / Registry   Add to Cart 
Author : Kelen Camehl, CPA, MBA
Status : Production
CPE Credits : 4.0
IRS Credits : 0
Price : $35.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1120

Description :

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.

Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 30-Nov-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 1120

Keywords : Accounting, Accounting, Business, Combinations, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Identify the definition of a business as it relates to a business combination transaction
  • List 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
  • 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
  • Differentiate between measurement principles of business combinations and asset acquisitions
Course Contents :

Chapter 1 - Accounting for Business Combinations

Course Learning Objectives

Course Overview

Introduction

Definition of a Business

Review Questions

The Acquisition Method

Step 1: Identifying the Acquirer

Step 2: Determining the Acquisition Date

Review Questions

Step 3: Recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree

Review Questions

Operating Leases

Review Questions

Business Combination Achieved in Stages

Step 4: Recognizing and Measuring Goodwill or Gain from a Bargain Purchase

Measurement Period

Subsequent Measurement

Review Questions

Financial Statement Disclosures

Review Questions

Illustrative Examples from SEC Filings

Reverse Acquisitions

Private Company Alternative

Income Tax Considerations

Asset Acquisition vs. Business Combination

Review Questions

Glossary of Key Terms

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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