Accounting for Business Combinations Overview

Before starting this self study program, please go through the instructional document.

Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Definition of a Business
The Acquisition Method
Business Combination Achieved in Stages
Measurement Period
Subsequent Measurement
Financial Statement Disclosures
Income Tax Considerations
Asset Acquisition vs. Business Combination

Course Description

The rules for business combinations and consolidations are complex. Accounting for any business combination transaction under ASC 805 can be complex; even for entities that have gained valuable experience by having grown their businesses through acquisitions. Each acquisition transaction has its own unique set of facts and circumstances, many of which can have a significant impact on how an entity should initially account for the transaction and apply the relevant accounting guidance in subsequent reporting periods. This can present unique challenges for preparer organizations and their accounting and tax department personnel that are responsible for accounting and reporting these activities in the entities’ financial statement. This text based webinar will explore some of the more complex issues that acquisitive entities are facing as they address the accounting and reporting for business combination transactions.

This course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations.

Major Topics Covered:

Review accounting and reporting for acquisitions, consolidations and noncontrolling interests
Learn to recognize and record acquisitions appropriately
Operating Leases
Recognition Exceptions
Exceptions to the Measurement Principle
Recognizing and Measuring Goodwill or Gain from a Bargain Purchase
Financial Statement Disclosures

The overall objective of the guidance included within ASC 805 is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.

Learning Objectives

Identify the definition of a business as it relates to a business combination transaction
List the steps involved in the acquisition method
Identify the acquisition date for a business combination
Recognize how to measure goodwill and gains from bargain purchases
Identify the measurement period for business combinations

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Accounts Director
Chief Accounting Officer
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial Accountant
Entrepreneurial CPA
Senior Accountant
Staff of Accounting Firm
Tax Accountant (Industry)
Young CPA

Course Qualification

Webinar Qualifies For

2 CPD Credit of Specialized Valuation Skills and Training for Accredited in Business Valuation (ABV)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit of Business Valuation for Certified Valuation Analyst (CVA)
2 CPE Credit of Business Valuation for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Kelen Camehl, CPA (US), MBA

Advisor, Kelen Camehl CPA

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

About Company

Kelen Camehl CPA

www.linkedin.com/in/kelencamehl

Faq

FAQs content

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