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Recognizing Assets & Liabilities in a Business Combination

4.6 (7)

Kelen Camehl, CPA (US), MBA

Kelen Camehl CPA

  • CPA (CA)
  • CMA
  • CPA (US)
  • CGMA

Published: March, 2021

Before starting this self study program, please go through the instructional document.


  • Applying the Acquisition Method
  • Recognition Conditions
  • Accounting Alternative for Eligible Entities
  • Exceptions to the Recognition Requirement
  • Measuring Assets Acquired and Liabilities Assumed
  • Measurement Principle Exceptions

Course Description

Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations.  This step is also one of the more significant steps involved in a business combination transaction.  Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process.  This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”)

Learning Objectives

  • Identify the steps within the acquisition method for business combinations
  • Identify overall recognition conditions for intangible assets
  • Distinguish between different categories of intangibles assets
  • Recognize the accounting alternative available for private and not-for-profit entities
  • Identify overall measurement principles including specific exceptions

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • Cloud Accountants
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Finance Director
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Accounts
  • Young CPA