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Course Details

Business Combinations and Consolidations (Course Id 701)

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Author : Steven Bragg, CPA
Status : Production
CPE Credits : 3.0
IRS Credits : 0
Price : $29.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 701

Description :

The Business Combinations and Consolidations course describes the accounting for business combinations, including the identification of goodwill, reverse acquisitions, and disclosures. The course also notes how to account for a reduced investment in an investee using the equity method. The course goes on to discuss goodwill impairment, the consolidation of financial statements, and the steps involved in integrating accounting activities following a business combination.

Usage Rank : 0
Release : 2014
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 : 19-Feb-2015
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 - 701

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

Course Learning Objectives

    Identify the circumstances under which step and reverse acquisitions occur.
    Note the calculations required to determine the amount of ownership in an investee under the equity method.
    Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used.
    Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.
    Recognize the actions needed to centralize accounting activities following a business combination.

Chapter 1
Business Combinations

Identify the circumstances under which step and reverse acquisitions occur.

Chapter 2
The Equity Method

Note the calculations required to determine the amount of ownership in an investee under the equity method.

Chapter 3
Goodwill Impairment

Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used.

Chapter 4
Financial Statement Consolidation

Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.

Chapter 5
Accounting Integration

Recognize the actions needed to centralize accounting activities following a business combination.
Course Contents :

Chapter 1 - Business Combinations

Overview of Business Combinations

Identifiable Assets and Liabilities, and Noncontrolling Interests

Goodwill or Gain from Bargain Purchase

Goodwill Calculation

Bargain Purchase

Reverse Acquisitions

Related Issues

Acquisition of Assets

Transactions between Entities under Control of Same Parent

Pushdown Accounting

Income Taxes

Business Combination Disclosures

General Disclosures

Identifiable Assets and Liabilities, and any Noncontrolling Interest

Goodwill or Gain from Bargain Purchase

Reverse Acquisitions

Transactions between Entities under Control of Same Parent

Income Taxes

Chapter 2 The Equity Method

The Equity Method

Partnerships, Joint Ventures, and Limited Liability Entities

Equity Method Disclosures

Chapter 3 - Goodwill Impairment

Goodwill

Goodwill Amortization

Goodwill Disclosures

Chapter 4 - Financial Statement Consolidation

Overview of Consolidations

Recognition of a Consolidation

Consolidation Examples

Recognition of Noncontrolling Interest

Sale of Shares by Subsidiary

Share of Accumulated Other Comprehensive Income

Full Consolidation Example

Consolidation of Variable Interest Entities

Initial Consolidation

Subsequent Consolidation

Consolidation of Leasing Entities by Private Companies

Consolidation of Contractually-Controlled Entities

Control of Partnerships

Termination of a Consolidation

Consolidation Presentation

Consolidation Disclosures

Chapter 5 - Accounting Integration

Accounting Integration Activities

Glossary

Accounting Course 701 Home: https://www.cpethink.com/accounting-cpa-courses
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