- NY Credits : 3.0
- TX Credits : 3.0
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. All ASUs issued through 2020-01 are included in the course.
This course is most beneficial to professionals new to business combinations who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to business combinations.
Included with subscription(s):
Upon successful completion of this course, 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.