- NY Credits : 4.0
- TX Credits : 4.0
Business Combinations, Goodwill, and Other Intangible Assets
Understand the implications of business combinations as regulated by the FASB Accounting Standards Codification Topic 805 including how to identify the acquirer and acquiree. In addition, the application of the acquisition method is addressed with emphasis on the calculation of goodwill and the computation of a bargain purchase. Furthermore, this course presents the amortization of intangibles and indicators, recognition and measurement associated with impairments of goodwill and other intangible assets. In the final chapter, financial statement presentation, disclosure, and other issues are explained.
Upon successful completion of Business Combinations, Goodwill, and Other Intangible Assets, the user should be able to:
identify acquirer and acquiree;
calculate the amount of goodwill and the gain from a bargain purchase;
summarize the amortization of intangibles;
explain the impairment and disposal of goodwill and other intangibles;
summarize financial statement presentation, disclosures, and miscellaneous issues; and
apply the standards related to pushdown accounting.