Overview
The rules for business combinations and consolidations are complex. To ensure financial statement compliance, financial professionals must possess a firm grasp of these rules. In this targeted accounting seminar, you will:
• Review accounting and reporting for acquisitions, consolidations and noncontrolling interests
• Learn to recognize and record acquisitions appropriately
• Analyze differences between separable and legal/contractual intangibles and goodwill
• Understand the complex goodwill impairment test and new emphasis on qualitative factors
BEIJING SEMINAR SERIES
Sign up for one or more of the following Half-Day Financial Accounting, US GAAP, and SEC Reporting Seminars being offered this December in Beijing:
Accounting for Business Combinations & Strategic Investments
Cash Flow Statements: Classification & Disclosure Issues
Fair Value Accounting & Reporting
Impairments & Intangibles: Current Accounting Issues
Lease Accounting New Standard (ASC 842): An Expert's Guide to Implementation
Revenue Recognition & the New Standard: A Step-by-Step Expert's Guide
Register for two or more seminars to increase your savings!
Pricing is as follows:
One Seminar: | $250/¥1675 |
Two-Three Seminars (each): | $225/¥1505 |
Four-Eight Seminars (each): | $212.50/¥1425 |
Lunch is provided only for participants who attend two seminars in one day.
LEARNING OBJECTIVE To provide accountants with a thorough understanding of the accounting rules for business
combinations and consolidations. This seminar will use real-world examples to show you how to put the rules into practice.
PREREQUISITE Basic knowledge of financial accounting and reporting. ADVANCE PREPARATION None.
PROGRAM LEVEL Intermediate. NASBA FIELD OF STUDY Accounting. DELIVERY METHOD Group-Live.
Agenda
AGENDA HIGHLIGHTS
• Financial statement impact of the business combination rules
– Fair value
– Contingent consideration and liabilities
– Transaction costs and in-process R&D
– Step acquisitions and the cost-accumulation model
• Accounting, valuation and disclosures for noncontrolling interests, including those under common
control
• Accounting for acquisitions
– Determining the acquirer
– Value recognition
– Disclosures
• Goodwill and other intangible assets
– Amortizable and nonamortizable assets
– Separating goodwill from other intangibles
– Determining goodwill and negative goodwill
– Amortization, impairment and valuation issues
– Goodwill impairment—the latest on reporting units, testing, qualitative factors and special
exceptions
• Consolidation requirements (ASC 810), including triggers for Variable Interest Entities
• Clarifying the definition of a business—what qualifies to consolidate and what doesn’t
• Pushdown accounting
• FASB Simplification Initiative: impact on financial statements
Speakers
SEMINAR SPEAKERS
Experts from the Big 4 and other well-known accounting firms
Workshop
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Forum
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Location
Novotel Beijing Peace
3 Jinyu Hutong Wangfujing
Beijing 100006 China
(86 10) 6512 8833