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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 33 ||| Word Count: 13,330 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course addresses how to recognize and measure key assets and liabilities in business combinations under ASC Topic 805 using the acquisition method.
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Frequently Asked Questions: |
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Description: |
This course provides a comprehensive overview of the accounting and reporting requirements for recognizing assets and liabilities in business combinations, as prescribed by ASC Topic 805. It focuses on the key principles and methodologies for identifying and measuring the assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree. |
Usage Rank: |
20000 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Asset
Internal: Related course - Fixed Asset CPE Courses for CPAs
External: BDO Blueprint - Accounting for Business Combinations Under ASC 805 guidance overview
Internal: Accounting for Business Combinations (2‑hour version) (Course Id 1703)
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
09-Apr-2025 |
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. |
Keywords: |
Business Combinations - Recognizing and Measuring Key Assets and Liabilities - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you will be able to:
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Course Contents: |
Chapter 1 - Business Combinations - Recognizing and Measuring Key Assets and Liabilities Course Learning Objectives Course Overview Introduction Is it a Business Combination? Understanding The Acquisition Method Recognizing/Measuring Identifiable Assets & Liabilities Classifying or Designating Review Questions Recognition of Assets Acquired and Liabilities Assumed Exceptions to the Recognition Principle Measurement of Assets Acquired and Liabilities Assumed Review Questions Exceptions to the Measurement Principle Measurement Period Adjustments Subsequent Measurement Accounting Alternatives for Private & NFP Entities Conclusion Review Questions Glossary of Key Terms |
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