Topic 805 Update Business Combination Accounting

Course Description
Course Qualification
Presenter
FAQ

Course Description

Did you realize that M&A activity has resulted in more than $10 TRILLION in domestic activity since 2013?

All the merger activities have put the accounting for business combinations under ASC 805 in the spotlight.

FASB ASC 805, Business Combinations, is a specialized accounting area that has evolved over the years and continues to be the subject of simplification initiatives by FASB. It is complex and may require CPAs to face new issues and apply certain accounting principles for the first time. Accounting for business combinations is involved and requires considering many areas.

FASB is issuing this Update to Topic 805 to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity and inconsistency related to the following:

Recognition of acquired contract liability.
Payment terms and their effect on subsequent revenue recognized by the acquirer.

The amendments in this Update primarily address the accounting for revenue contracts from customers in a business combination. However, the proposed amendments also would apply to contract assets and contract liabilities from other contracts.

This CPE webinar will help accountants better anticipate and prepare for the challenges in business combinations.

Following are the Major Topics Covered in this Accounting CPE course:

Compare to IFRS 3 Business Combinations.
Account for customer contracts and contract liabilities in a business combination.
Determine fair value on the acquisition date.
Examine simplification and alignment updates.
Assess the effects of payment terms on subsequent revenue recognition.
Review updated disclosure and presentation requirements.

Learning Objectives

To discuss the Topic 805 update guidance on accounting and reporting for business combinations.
To analyze how to estimate the fair value of assets acquired and liabilities assumed.
To review financial statement disclosures for business combinations which can be extensive, especially for larger transactions.
To review the closing process.
To identify presentation and disclosure requirements.

Recommended For

This Online CPE webinar is recommended for CPAs, CMAs, CIAs, IAPs, QIALs, CVAs, CEOs, CFOs, Business Owners, Business Managers, Entrepreneurs, and Other Individuals desiring to upgrade their knowledge of complex issues in business combination accounting.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Bookkeepers & Accountants & Tax Preparers
Business Owner
CEO
Certificate in Investment Performance Management
Certified Fraud Examiner
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
CFO/Controller
Chartered Financial Analyst
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPE Credit 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
2 CPD Credit for Accredited in Business Valuation (ABV)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPD Credit for Certified Financial Forensics (CFF)
2 CPE Credit for Certified Fraud Examiner (CFE)
2 PL Credit for Chartered Financial Analyst (CFA)
2 CRE Credit for Certified Corporate FP&A Professional (FPAC)
2 PL Credit for Certificate In Investment Performance Measurement (CIPM)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

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 (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

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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