Preparing Financial Statements and Analysis

Business Combinations

This course reviews ASC 805, Business Combinations, and ASC Topic 810, Consolidations. This Topic, which requires prospective treatment for new business combinations having fiscal years beginning after December 15, 2008, mandates what is referred to as the acquisition method. This course highlights recent FASB guidance on definition of a business, simplifying the test for goodwill impairment, and private company goodwill alternatives.

This course emphasizes both the theory and practice relating to the acquisition method standards. A comparison of old (e.g., pooling of interests and purchase methods) and acquisition method rules will prepare practitioners for dealing with the variety of practices they will encounter at their clients or employers.

Learning Objectives:

  • Analyze transactions under the new definition of a business
  • Recognize the accounting and reporting requirements for a business combination using the acquisition method
  • Recognize accounting alternatives for goodwill available to private (nonpublic) companies

Prerequisites/Advanced Preparation:


Speaker / Author:

Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.

Price (USD)

Standard: $49.90


Course Code : 99DEL49

Length : 1hr 40min
Course Level : Overview
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Preparing Financial Statements and Analysis

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