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Course Level :Basic
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Credits :4
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Pre-requisites :None
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Advance Preparation :None
The
term business consolidation refers to the combination of different business
units or companies into a single, larger organization. Business consolidation
is a legal strategy that is often initiated to improve operational efficiency
by reducing redundant personnel and processes.
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.
This CPE E-Book will explore some of the more complex
issues that acquisitive entities are facing as they address the accounting and
reporting for business combination transactions.
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 statements.
This CPE E-Book 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 in this CPE accounting E-Book:
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.
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.
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.
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