Overview
-
-
-
Business Combination Achieved in Stages
-
-
-
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.