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Course Level :Basic
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Credits :2
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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 text-based webinar on Accounting 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 Accounting CPE 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.
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.
56 Ratings
JC
Dec 27th, 2023
awesome