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Topic 805 Update Business Combination Accounting

  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
Topic 805 Update Business Combination Accounting

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit of Accounting & Auditing for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPE credit of Accounting for CVAs (NACVA)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

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.

Who Should Attend?

  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA