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Accounting for Business Combinations Overview

  • Accountant
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • FPAC
  • CWS

Published: January, 2022

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description


  • Definition of a Business
  • The Acquisition Method
  • Business Combination Achieved in Stages
  • Measurement Period
  • Subsequent Measurement
  • Financial Statement Disclosures
  • Income Tax Considerations
  • Asset Acquisition vs. Business Combination

Course Description

The term business consolidation refers to the combination of different business units or companies into a single, larger organization. Business consolidation is a legal strategy that is often initiated to improve operational efficiency by reducing redundant personnel and processes.

The rules for business combinations and consolidations are complex. Accounting for any business combination transaction under ASC 805 can be complex; even for entities that have gained valuable experience by having grown their businesses through acquisitions.

This CPE text-based webinar will explore some of the more complex issues that acquisitive entities are facing as they address the accounting and reporting for business combination transactions.

Each acquisition transaction has its own unique set of facts and circumstances, many of which can have a significant impact on how an entity should initially account for the transaction and apply the relevant accounting guidance in subsequent reporting periods. This can present unique challenges for preparer organizations and their accounting and tax department personnel that are responsible for accounting and reporting these activities in the entities’ financial statements.

This CPE course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations.

Major Topics Covered in this CPE accounting webinar:

  • Review accounting and reporting for acquisitions, consolidations, and noncontrolling interests
  • Learn to recognize and record acquisitions appropriately
  • Operating Leases
  • Recognition Exceptions
  • Exceptions to the Measurement Principle
  • Recognizing and Measuring Goodwill or Gain from a Bargain Purchase
  • Financial Statement Disclosures

The overall objective of the guidance included within ASC 805 is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects. 

Learning Objectives

  • To identify the definition of a business as it relates to a business combination transaction.
  • To analyze the acquisition method.
  • To list the steps involved in the acquisition method.
  • To identify the acquisition date for a business combination.
  • To analyze how to measure goodwill and gains from bargain purchases.
  • To identify the measurement period for business combinations.

Recommended For

  • This Online CPE webinar is recommended for CPAs, CIAs, CMAs, IAPs, QIALs, and other accounting professionals desiring to upgrade their knowledge over complex issues in business combination accounting.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Certified Management Accountant (CMA)
  • Certified Practicing Accountant
  • Certified Public Accountant (CPA)
  • Chartered Accountant
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 4 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 4 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 4 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 4 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 4 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 4 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 4 CE Credit for Certified Wealth Strategist (CWS)
  • 4 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 4 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 4 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 4 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 4 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 4 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 4 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 4 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
  • 4 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
  • 4 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)

Additional details

  • Course Level :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
  • Advance Preparation :


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About Presenter

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.

About Company


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Ratings and Review


7 Ratings



Very Good









Darren Buck, CPA (US)

Jun 30th, 2022

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