Business Combinations and Consolidations ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
The typical accountant views the accounting for business combinations with a certain amount of trepidation. This course reduces the anxiety level by describing all aspects of associated accounting, including the identification of goodwill, reverse acquisitions, and related disclosures. The course also notes how to account for a reduced investment in an investee using the equity method. It goes on to discuss goodwill impairment, the consolidation of financial statements, and the steps involved in integrating accounting activities following a business combination. In short, this course provides a solid toolkit for dealing with the accounting side of mergers and acquisitions.
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. Identify the rules for dealing with intercompany transactions in the consolidated financial statements. Recognize the actions needed to centralize accounting activities following a business combination.
Preparation
None.
Notice
None.
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).
Non-Member Price $100.00
Member Price $87.00