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The WSCPA will be closing early at 2:00pm on Friday, May 23 and remain closed through Monday, May 26 in observance of Memorial Day.

Business Combinations and Consolidations FLEXCAST

Available Until

Your Desk

3.0 Credits

Member Price $49.00

Non-Member Price $56.00

Overview

This course provides an in-depth exploration of accounting for business combinations and consolidations, offering significant features like detailed guidance on the acquisition method, equity method, and goodwill accounting. This course will review complex transactions such as business mergers and acquisitions. Our course will teach participants the skills required to accurately account for and integrate the financial operations of merged entities. Participants in the course can expect to have a clearer understanding and greater confidence in handling the accounting intricacies of business combinations and consolidations.

Highlights

Business combinations. Equity method. Goodwill impairment. Financial statement consolidation. Accounting integration.

Prerequisites

None.

Designed For

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

Objectives

Identify the circumstances under which step and reverse acquisitions occur. Specify the calculations required to determine the amount of ownership in an investee under the equity method. Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used. Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation. Recognize when financial statements are considered to be special-use. Recognize the actions needed to centralize accounting activities following a business combination.

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.

Leader(s):

Leader Bios

Steven Bragg, Western CPE

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

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Non-Member Price $56.00

Member Price $49.00