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Course Details

Recognizing Assets and Liabilities in a Business Combination (Course Id 1711)

Updated / QAS / Registry
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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 29 ||| Review Questions: 6 ||| Final Exam Questions: 10
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1711

Description :

Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations.  This step is also one of the more significant steps involved in a business combination transaction.  Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process.  This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”)

Usage Rank : 0
Release : 2021
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 12-Dec-2022
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 - 1711

Keywords : Accounting, Recognizing, Assets, Liabilities, Business, Combination, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Identify the steps within the acquisition method for business combinations
  • Identify overall recognition conditions for intangible assets
  • Distinguish between different categories of intangibles assets
  • Recognize the accounting alternative available for private and not-for-profit entities
  • Identify overall measurement principles including specific exceptions
Course Contents :

Chapter 1 - Recognizing Assets and Liabilities in a Business Combination

Course Learning Objectives

Course Overview


Applying the Acquisition Method

Recognizing and Measuring Assets & Liabilities

Recognition Conditions

Review Questions

Recognition of Specific Assets Acquired and Liabilities Assumed

Intangible Assets

Accounting Alternative for Eligible Entities

Leases Acquired

Exceptions to the Recognition Requirement

Review Questions

Measuring Assets Acquired and Liabilities Assumed

Measurement Principle Exceptions


Review Questions

Glossary of Key Terms

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