Recognizing Assets and Liabilities in a Business Combination ON DEMAND

Overview

Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations. This step is also one of the more significant steps involved in a business combination transaction. Given the importance of the recognition of assets and liabilities in a business combination, it’s critical that you have a good understanding of the principles and requirements related to this step in the process. This course provides an in-depth overview of this step based on the standards prescribed by FASB ASC Topic 805.

Highlights

Applying the acquisition method. Recognizing and measuring assets and liabilities. Recognition conditions. Recognition of specific assets acquired and liabilities assumed. Intangible assets. Accounting alternative for eligible entities. Leases acquired. Exceptions to the recognition requirement. Measuring assets acquired and liabilities assumed. Measurement principle exceptions.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

Identify the steps within the acquisition method for business combinations. Identify overall recognition conditions for intangible assets. Distinguish between different categories of intangibles assets. Recognize the accounting alternative available for private and not-for-profit entities. Identify overall measurement principles including specific exceptions.

Preparation

None.

Notice

None.