4th of July offer on myCPE Prime, Unlimited courses and credits for just $199. Hurry! (Offer expires on July 04) Click here to start.

Topic 805 Update Business Combination Accounting

  • Accountant
  • CPA/ABV
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

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:

  1. Recognition of acquired contract liability.
  2. 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

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

3.3

3 Ratings

Excellent

0

Very Good

1

Average

2

Poor

0

Terrible

0

Topic 805 Update Business Combination Accounting

$20

2 Credits

Subject Area

Accounting

Upcoming Webinars

Corporate Accounting & Auditing Best Practices
  • 4.1
  • (69)

Jul 05, 2022 | 09:00 AM EDT

Ultimate Guide to GAAP with Latest Updates
  • 4.0
  • (93)

Jul 05, 2022 | 09:00 AM EDT

Ethics in Practice
  • 4.6
  • (14)

Jul 05, 2022 | 09:30 AM EDT

Excel Accountant : Intro to Macros In-Depth
  • 4.6
  • (107)

Jul 05, 2022 | 10:00 AM EDT

Evolution of Terrorist Financing Methods
  • 4.3
  • (187)

Jul 05, 2022 | 10:00 AM EDT

2022 Enrolled Agent Ethics
  • 4.6
  • (106)

Jul 05, 2022 | 10:00 AM EDT

Master Capital Allocation
  • 4.6
  • (5)

Jul 05, 2022 | 10:00 AM EDT

QBO Complete Comprehensive Overview - Latest
  • 4.3
  • (68)

Jul 05, 2022 | 11:00 AM EDT

We use cookies to improve your experience on our website. Cookies store information about how a user interacts with Website. By clicking "Accept Cookies", you agree that MY-CPE LLC can store cookies on your device. All your data is anonymised and cannot be used to identify you.