Overview
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Applying the Acquisition Method
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Accounting Alternative for Eligible Entities
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Exceptions to the Recognition Requirement
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Measuring Assets Acquired and Liabilities Assumed
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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