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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 14 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
| CPE Credits : | 1.0 |
| IRS Credits : | 0 |
| Price : | $12.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1934 |
| Overview : | |
| Description : |
This course provides an overview of the similarities and key differences between the business combination standards issued by the FASB (ASC Topic 805) and the IASB (IFRS 3). While these standards are very similar, as is the case with many areas of U.S. GAAP vs. IFRS, there are notable differences that are helpful to understand. Note that this course is not intended to provide an exhaustive discussion of these differences. |
| Usage Rank : | 11429 |
| Release : | 2021 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 01-Mar-2024 |
| 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 - NASBA Registry - 1934 |
| Keywords : | Accounting, Business, Combinations, US, GAAP, IFRS, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
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| Course Contents : | Chapter 1 - Business Combinations - U.S. GAAP and IFRS Course Learning Objectives Course Overview Introduction – Importance of Understanding Differences Overall Differences & Similarities between U.S. GAAP & IFRS Business Combinations Overview Definition of a Business 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 Acquisition of Contingencies Contingent Consideration Leases Noncontrolling Interests Step 4: Recognizing and Measuring Goodwill or Gain from a Bargain Purchase Goodwill Measurement Period Adjustments Review Questions Glossary of Key Terms |
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