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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 workshop, 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
LEARNING OBJECTIVE To provide accountants with a thorough understanding of the accounting rules for business combinations and intangibles.
This workshop 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
Times: 8:30 AM - 5:00 PM
• 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
• 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—reporting units, testing, qualitative factors and special exceptions
• Consolidation requirements (ASC 810), including triggers for Variable Interest Entities
• International convergence
• Push down accounting
• FASB Simplification Project: 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
CPE INC. has reserved a block of rooms at preferential rates. To make your hotel reservation,
call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.
The Portman Ritz-Carlton, Shanghai
Shanghai Centre 1376, Nanjing Xi Lu,
Shanghai 200040 China
862162798888