Overview
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Inputs, Processes, and Outputs (ASC 805-10-55-4)
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Customer Related Identifiable Intangible Assets
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Operating Leases in a Business Combination
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General Disclosure Requirements
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Disclosures for Assets, Liabilities, and Noncontrolling Interest
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 on Accounting 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 Accounting 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.
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.