myCPE

ASC 805: Business Combination Accounting 2 Credits

Mar 22, 2022, 09:30 AM ET

ASC 805: Business Combination Accounting 2 Credits

  • Rating

    4.2

  • Reviewed on

    September, 2023

  • Subject Area

    Accounting

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Mar 22, 2022, 09:30 AM ET

Learning Objective

  • To review the ASC 805 guidance on accounting and reporting for business combinations.
  • To analyze how to estimate the fair value of assets acquired and liabilities assumed.
  • To review financial statement disclosures for business combinations which can be extensive, especially for larger transactions.
  • To review the closing process.
  • To identify presentation requirements.

Course Overview

Did you realize that M&A activity has resulted in more than $10 TRILLION in domestic activity since 2013?

All the merger activities have put the accounting for business combinations under ASC 805 in the spotlight.

Are you struggling with accounting for business combinations under ASC 805?

If so, I have great news! In this online CPE webinar, we’ll walk you through the important requirements of ASC 805, as well as provide you with detailed in-depth training for business combination accounting.

Accounting for business combinations is complex and requires considering a number of areas. Whenever accountants face the prospect of a business combination, there will be many challenges to prepare for the deal and the accounting for it.

There are deal activities that are usually led by those outsides of finance, such as finding the right target, performing due diligence, setting the price, drafting a purchase agreement, and working with professionals to close the transaction.

FASB ASC 805, Business Combinations, is a specialized accounting area that has evolved over the years and continues to be the subject of simplification initiatives by FASB. It is complex and may require CPAs to face new issues and apply certain accounting principles for the first time.

This online continuing education course will help accountants better anticipate and prepare for the challenges in business combinations.

This online Accounting CPE 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.

Major topics covered in this online Accounting CPE webinar:

  • Introduction.
  • Definition of a Business.
  • The Acquisition Method.
  • Step 1: Identifying the Acquirer.
  • Step 2: Determining the Acquisition Date.
  • Step 3: Recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree.
  • Step 4: Recognizing and Measuring Goodwill or Gain from a Bargain Purchase.
  • Business Combination Achieved in Stages.
  • Measurement Period.
  • Subsequent Measurement.
  • Financial Statement Disclosures.
  • Illustrative Examples from SEC Filings.
  • Asset Acquisition vs. Business Combination.


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.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Accounting & Auditing for Certified Internal Auditors (CIA) 2 CPE Eligible
Certified Management Accountants (CMA) 2 CPE Eligible
Accredited in Business Valuation (ABV) 2 CPD Eligible
Internal Audit Practitioner (IAP) 2 CPE Eligible
Certified Valuation Analyst (CVA) 2 CPE Eligible
Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 2 CPE Approved
Certified Internal Auditors (CIA) 2 CPE Eligible
Certified Management Accountants (CMA) 2 CPE Eligible
Chartered Financial Analyst (CFA) 2 PL Eligible
Certified Fraud Examiner (CFE) 2 CPE Eligible
Certified Government Financial Manager (CGFM) 2 CPE Eligible
Internal Audit Practitioner (IAP) 2 CPE Eligible
Certified Wealth Strategist (CWS) 2 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 2 CE Eligible
Certified Valuation Analyst (CVA) 2 CPE Eligible
Certified Financial Forensics (CFF) 2 CPD Eligible
Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 2 CPE Eligible
CIPM 2 PL Eligible
Certified FP&A Professional (FP&A) 2 CE Eligible

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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.

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE

Michel Morley

Founder, Mike Morley

  • 4.2
  • rating
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Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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Bonaventure Ezewuzie, CPA (US)

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Thomas Poulk, CPA (US)

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Instructor to monotone and not interesting to keep my attention.

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