MYCPE ONE

Asset Acquisition Accounting Under ASC 805 1 Credit 1 Credit

Oct 16, 2025, 03:00 PM EDT

Asset Acquisition Accounting Under ASC 805 1 Credit 1 Credit

  • Rating

    4.5

  • Published on

    November, 2025

  • Subject Area

    Accounting

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Oct 16, 2025, 03:00 PM EDT

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AI Review Summary

Generated by AI based on all course reviews

Learning Objectives

  • Discuss the definition of a business combination under ASC 805.
  • Identify when a transaction qualifies as an asset acquisition.
  • Analyze the use of cost accumulation versus fair value models.
  • Explain reporting differences between acquisitions and combinations.
  • Explore ASC 805 standards applied in accounting treatment.

Course Overview

This CPE course offers a clear overview of asset acquisition accounting and how it differs from business combinations. A business combination occurs when an acquirer obtains control of a business, while the purchase of an asset or asset group (including liabilities assumed) that does not meet the definition of a business is treated as an asset acquisition.

The key distinction lies in the accounting models applied. Business combinations under ASC 805 follow a fair value approach, while asset acquisitions use a cost accumulation model. Knowing when to apply each model is essential for accurate financial reporting and compliance.

Major Topics:

  • Asset Acquisition Accounting
  • Business Combination Definition
  • ASC 805 Standards
  • Cost Accumulation Method
  • Fair Value Model

By the end of this CPE course, you will be able to differentiate between asset acquisitions and business combinations and explain the reporting outcomes of each under ASC 805.

For more CPE Accounting Courses, Click here.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1 CPE Eligible
Financial Reporting for Certified Management Accountants (CMA) 1 CPE Eligible
Accounting for Chartered Global Management Accountants (CGMA) 1 CPE Eligible
Financial Accounting for Certified Valuation Analyst (CVA) 1 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1 CPD Eligible
Financial Statement Analysis for Chartered Financial Analyst (CFA) 1 PL Eligible
Financial Reporting for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Auditing for Internal Audit Practitioner (IAP) 1 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1 CE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Financial Accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved
Financial Statement Analysis for CIPM 1 PL Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1 CPE Eligible
Financial Accounting for Certified Valuation Analyst (CVA) 1 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1 CPD Eligible
Financial Statement Analysis for Chartered Financial Analyst (CFA) 1 PL Eligible
Financial Reporting for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Approved
Auditing for Internal Audit Practitioner (IAP) 1 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1 CE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Financial Accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Approved
Financial Statement Analysis for CIPM 1 PL Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Approved

Additional Information

Credit

1

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

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

MY-CPE LLC 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.

Check out CPA CPE Courses with MYCPE ONE, designed to streamline your professional development. We’ve got a wide variety of topics taught by industry pros, giving you the tools to easily meet your CPE requirements. With flexible scheduling and self-paced learning, you can ditch the old-school methods and focus on growing your career your way. Ready to level up? Start with us today!

About Instructor

Josef Rashty

Josef Rashty | CPA

Adjunct Professor and Lecturer of Accounting, Golden Gate University

  • 4.5
  • rating
  • rating
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As Managing Partner of The TOLI Center East, the primary focus is on helping clients, including individuals, CPAs, attorneys, and advisors, gain a clear understanding of their life insurance portfolios—whether owned individually or within a trust. The firm identifies widespread misconceptions about policy guarantees and educates clients on the risks associated with non-guaranteed life insurance, especially given industry shifts and declining interest rates. This education and evaluation are critical, as many policies may expire earlier than expected due to insufficient premium funding and lack of effective policy oversight.


Recognizing life insurance as both an asset class and a strategic tool, The TOLI Center East provides independent consultative evaluations, risk management, and policy administration. The firm works to maximize both living and death benefits for insureds and beneficiaries and is known for its expertise, trusted guidance, and best-in-class educational resources—reflected in national media, industry publications, and client testimonials.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses accepted by NASBA and other professional organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. Our courses qualify for credits with NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other professional organizations.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars accepted by NASBA and other Professional Organizations?

MY-CPE LLC courses are accepted for continuing education credit by various professional certification programs, including NASBA, IRS, CFP Board, and HRCI. MY-CPE LLC is also recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® and SHRM-SCP® recertification activities.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are accepted for compliance and reporting purposes with NASBA, IRS, CFP Board, HRCI, SHRM (for PDCs), Payroll Org, FP Canada, and 25+ other professional organizations.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (55%)

Very Good (38%)

Average (7%)

Poor

Terrible

Suliang Gu

Suliang Gu, CPA (US)

5

Josef is a fantastic instructor! Unlike many who just read off their slides, he explains in a way that is easy to understand. His slides are well-structured and follow a clear logic from concepts to practical applications. I’ve benefited a lot from this course.

PC

Polly Cheung, CPA (US)

5

The presenter makes the topic simple and easy to follow.

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ASC 805 Asset Acquisition Essentials

Inclusions

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  • Certifications & Reporting

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    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access

    Mobile App Access

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    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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