- NY Credits : 6.0
- TX Credits : 6.0
As businesses grow and expand into global markets, complicated mergers and acquisitions become everyday occurrences. The increase in merger and acquisition activity brought greater attention to the fact that two transactions that are economically similar may be accounted for differently by companies, and thus, produce dramatically different financial results. Also, the growing volume of international business combinations heightened the urgency to eliminate cross-border differences in accounting standards for business combinations. There is currently an ongoing project to converge IFRS (International Financial Reporting Standards) with Generally Accepted Accounting Principles (U.S. GAAP). This program reviews the current FASB authoritative guidance dealing with business combinations.
This basic level course is most beneficial to professionals new to this topic who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
recognize the reasons why the FASB decided to require use of only the purchase method,
identify a business combination and fair value,
recognize special acquisition situations, common control and accounting for combinations under common control,
recognize the measurement concepts of fair value at the acquisition date and the exceptions to the recognition and measurement concept,
recognize the concept of assets acquired,
recognize amounts that might be assets or liabilities,
identify the concepts of recognizing and measuring contingent consideration,
recognize accounting standards for testing goodwill impairment, and
recognize the general disclosure requirements.