Published: March, 2022
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.
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 Financial Accounting Standards Board (FASB). It is complex and may require CPAs to face new issues and apply certain accounting principles for the first time. Accounting for business combinations is involved and requires considering many areas.
FASB is issuing this Update to Topic 805 to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity and inconsistency related to the following:
The amendments in this Update primarily address the accounting for revenue contracts from customers in a business combination. However, the proposed amendments also would apply to contract assets and contract liabilities from other contracts.
This CPE webinar will help accountants better anticipate and prepare for the challenges in business combinations.
Following are the Major Topics Covered in this Accounting CPE course:
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.
Founder, Mike Morley
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.