Accounting for Business Combinations Overview 2 Credits
Learning mode
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:
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.
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Specialized Valuation Skills and Training for Accredited in Business Valuation (ABV) | 2 CPD | Eligible |
| Certified Wealth Strategist (CWS) | 2 CE | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 2 CE | Eligible |
| Business Valuation for Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Business Valuation for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
Credits
2
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ 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 remained involved in CPA exam content development for nearly 10 years and 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 nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar. 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.
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