Accounting for Business Combinations

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Accounting for Business Combinations

Learning Objectives

To identify the definition of a business as it relates to a business combination transaction
To recall the steps involved in the acquisition method
To identify the acquisition date for a business combination
To recognize principles and exceptions in the measurement of assets and liabilities of a business combination
To recognize the differences between the various categories of intangible assets

Course Description

As businesses grow and expand into global markets, complicated mergers, and acquisitions become everyday occurrences. The increase in merger and acquisition activity brought greater attention to the fact that two economically similar transactions may be accounted for differently by companies, and thus, produce dramatically different financial results.

Also, the growing volume of international business combinations heightened the urgency to eliminate cross-border differences in accounting standards for business combinations. The rules for business consolidation and business combination are complex. Financial professionals need to have a firm grasp of these rules to ensure financial statement compliance

There is currently an ongoing project to converge IFRS (International Financial Reporting Standards) with Generally Accepted Accounting Principles (U.S. GAAP). The definition of a business in GAAP is currently identical to the definition in IFRS, however, stakeholders have noted that the definition of a business is generally not applied as broadly in jurisdictions that apply IFRS as in jurisdictions that apply GAAP. This program reviews the current FASB authoritative guidance dealing with business combinations, including Accounting Standards Update 2017-01, 2018-09, and 2019-06.

This Online CPE Course on Accounting covers the following Major Topics:

The acquisition method
The business combination is achieved in stages
Subsequent measurement
Financial statement disclosures
Income Tax Considerations

Check out the Best Course on Forensic Accounting.

Overview

Input, Processes, and Outputs

4 mins
Identify the acquiree

7 mins
Customer-related intangible assets

17 mins
Business combination achieved in stages

27 mins
Contingent consideration

34 mins

Webinar Qualifies For

1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
1 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
1 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
1 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
1 PL Credit of Accounting for Chartered Financial Analyst (CFA)
1 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
1 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
1 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
1 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
1 PL Credit of Accounting for CIPM
1 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Kelen Camehl, CPA (US), MBA

Advisor, Kelen Camehl CPA

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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.

Ratings and Review

4.6

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Chuck Meiers, CPA (US)

Well done, but very high level. Likely all that could be done in the time frame of the course, though.

Denise Mitchell, CPA (US)

This was quick and informative.

1 Credit

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Subject Area

Accounting

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Accounting for Business Combinations

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Kelen Camehl, CPA (US), MBA

Other Details

Additional Information

1 Hour

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.6

Chuck Meiers, CPA (US)

Denise Mitchell, CPA (US)

Subject Area

Unlimited Access Plan

Inclusions

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