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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 76 ||| Word Count: 33,532 ||| Review Questions: 36 ||| Final Exam Questions: 30 |
| CPE Credits : | 6.0 |
| IRS Credits : | 0 |
| Price : | $53.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Finance - Finance for Course Id 2176 |
| Description : |
Mergers and acquisitions (M&A), driven by globalization, long-term markets, and various barriers to growth, often result in new organizations whose financial and strategic options are much improved. Thus, M&A can be a valuable tool by which companies can quickly attempt to increase revenue. This mergers and acquisitions online course discusses all facets of M&A and divestitures, such as types, structures, the process, valuation methods, tax implications, essential compliance requirements (e.g. SEC filing, accounting rules), and financial analysis of combinations. |
| Usage Rank : | 54348 |
| Release : | 2023 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
What Are Mergers and Acquisitions (M&A)?
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 07-Aug-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 - NASBA Registry - 2176 |
| Keywords : | Finance, Practical, Guide, Mergers, Acquisitions, Divestitures, v13, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After studying this chapter, you will be able to:
2. Identify the different types of mergers 3. Recognize the benefits of mergers 4. Identify antitrust guidelines used by the Justice Department 5. Recognize Securities and Exchange Commission (SEC) rules regarding mergers 6. Recognize different defensive measures used by target companies 7. Identify advantages and disadvantage of different methods of financing a merger 8. Recognize how different mergers may affect taxation and financial results 9. Recognize how to account for transactions under the acquisition metho 10. Identify different approaches and techniques for merger valuation 11. Identify different types of divestitures and methods used to divest |
| Course Contents : | Chapter 1: Mergers and Acquisitions Key Concepts Characteristics of Mergers Types of Mergers Five-Step Process Review Questions - Section 1 Factors to Consider Pros and Cons of a Merger Types of Takeover Bids Herfindahl-Hirshman Index Review Questions Section 2 The Mergers and Acquisitions Process Setting Strategy Identifying Target Companies Performing Due Diligence Analysis Determining Bid Prices Financing the Merger Review Questions - Section 3 Use of Capital Budgeting The Impact of a Merger Defense Strategies Against Takeovers Other Matters Acquisition Risks Tax Implications Financial Statement Analysis Emergence of Corporate Development Officers and M&A Teams Review Questions Section 4 Target Company Valuation Overview Valuation Methods Comprehensive Illustration: Target Company Valuation - Discounted Cash Flow Accounting for Business Combinations General Rules Definition of a Business Acquisition Method Disclosure Requirements Review Questions Section 5 Chapter 2: Divestiture Key Concepts Importance of Divestiture Types of Divestitures The Divestiture Process Candidate for Divestiture Reasons to Divest Factors to Consider Human Capital Matters Review Questions Section 6 Valuation Methods Asset Valuation Methods Sales and Income Factors Market Based Comparisons Discounted Cash Flow Analysis Adjusting for Uncertainty Comprehensive Illustration: Divestiture Valuation - Discounted Cash Flow Tax Implications Cash vs. Paper Installment Sales Leveraged Buyouts Other Matters Accounting for Divestitures Disclosure Requirements for Discontinued Operations Other Matters Subsidiaries Sold to the Public or Spun Off (Carveout Accounting) Liquidation Process Review Questions Section 7 Appendix A: Due Diligence Checklist Appendix B: Legal Procedure Appendix C: Acquisition Disclosure Appendix D: Present Value of $1 Tabe Appendix E: Present Value of an Annuity of $1 Table Glossary |
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