Business Combinations and Consolidated Financial Reporting FLEXCAST

Overview

The accountant is frequently called upon to advise management of the impact of proposed combinations, as well as to prepare consolidated financial statements for completed transactions. Knowledge of the emerging accounting rules in this area is critical in supporting both functions. This course explains the characteristics of a business and identifies transactions required of business combination accounting, which refers to acquisition method in ASC 805, Business Combinations. This course also explains how to apply the consolidation guidance in ASC 810, Consolidation.

Highlights

Business combinations. Consolidated financial reporting.

Prerequisites

None.

Designed For

CPAs.

Objectives

Recognize major principles in a business combination and consolidations. Identify events that require the application of business combination accounting. Recognize how to account for transactions under the acquisition method. Identify considerations for noncontrolling interests. Recognize when financial statement consolidation is appropriate. Recognize how consolidation is reported and disclosed.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.