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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 39 ||| Review Questions: 22 ||| Final Exam Questions: 20 |
| CPE Credits : | 4.0 |
| IRS Credits : | 0 |
| Price : | $35.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 883 |
| Description : | The accountant is frequently called upon to advise management of the impact of proposed combinations, as well as to prepare consolidated financial statements for completed transactions. Knowledge of the emerging accounting rules in this area is critical in supporting both functions. This course explains the characteristics of a business and identifies transactions required the application of business combination accounting, which refers to acquisition method in ASC 805, Business Combinations. This course also explains how to apply the consolidation guidance in ASC 810, Consolidation. |
| Usage Rank : | 0 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Business Consolidation: Definition, How It Works, and Example
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 10-Jan-2023 |
| 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 - Text - Technical - NASBA Registry - 883 |
| Keywords : | Accounting, Business, Combinations, Consolidated, Financial, Reporting, v12, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After studying this course, you will be able to:
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| Course Contents : | Chapter 1: Business Combinations Major Principles Overview of Accounting Standards Structure of a Combination Pushdown Accounting Determination of a Business General Rules Elements of a Business Definition of a Business Comprehensive Illustrations: Business Determination Acquisition of Brands Acquisition of Loan Portfolio Acquisition of a Manufacturing Facility Acquisition Method General Rules Other Considerations Treatment of Goodwill Postacquisition General Rules Impairment Model Goodwill Alternative Chapter 1 Review Questions - Section 1 Other Matters Contingent Consideration Disclosures Comprehensive Illustration: Business Combination Accounted for Under the Acquisition Method Chapter 1 Review Questions - Section 2 Chapter 2: Consolidated Financial Reporting Major Principles Overview of Accounting Standards Special Purpose Entities Spin-Offs Variable Interest Entities Determination of a Primary Beneficiary Fees Arrangement Private Companies Noncontrolling (Minority) Interests Presentation and Disclosures General Rules Eliminations Disclosure Comprehensive Illustration: Consolidation Chapter 2 Review Questions - Section 1 Other Matters Combined Financial Statements Transfers of Financial Assets (ASC 860) Chapter 2 Review Questions - Section 2 Appendix: WarnerMedia-Discovery Merger Glossary |
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