To provide CPAs and other finance professionals with a clear understanding of how to accurately account for, value, and report business combinations and consolidations under current standards.

• Update on today’s mergers & acquisitions landscape: due diligence, types of acquirers, deal structure, and common issues
• Important definitions: measurement period, contingent consideration, intangible assets, and more
• Accounting for business combinations, from identifying the acquirer to determining the goodwill amount
• How to tell the difference between a business and an asset acquisition
• Business combination guidelines and valuation considerations from the AICPA
• Valuing an acquisition, transaction prices, and contingent consideration
• Overview of the cost, market, and income approaches
• The tax amortization benefit
• Special Purpose Acquisition Companies (SPACs) and new SEC rules
• Consolidation guidelines

To provide CPAs and other finance professionals with a clear understanding of how to accurately account for, value, and report business combinations and consolidations under current standards.

DETAILED LEARNING OBJECTIVES

• Identify key GAAP terminology within the context of business combinations and consolidations

• Recognize the core transaction mandating a business combination

• Recognize the circumstances under which an acquirer will recognize an intangible asset separate from goodwill 

• Recognize the circumstances giving rise to the recognition of goodwill in a business combination

• Identify the relative extent of M&A activity in today’s business environment

• Identify the extent to which the current FTC administration is supporting M&A activity 

• Recognize the parties most likely to be left off a due diligence team

• Identify the general rule for the recording of assets and liabilities of the acquiree 

• Identify the current consolidation models within GAAP

• Recognize the general rule for the determination of the acquisition date

• Recognize the relative occurrence of bargain purchases 

• Identify the steps within the acquisition method of accounting for business combinations

• Recognize those circumstances giving rise to the recognition of goodwill 

• Recognize the accounting treatment for the purchase of assets vs a business

• Recognize the methodology for identifying the acquirer in a business consolidation

• Identify specified accounting treatment when recognizing and measuring identifiable assets and liabilities assumed at fair value

• Identify the accounting treatment of transaction expenses in a business combination 

• Identify the circumstances in which a contingency is recognized in the context of a business combination

• Identify the valuation approach generally resulting in the highest amount when used to value a business

• Recognize the valuation approach that uses historical financial information as its starting point 

• Recognize the role of the IRR, WARA, and WACC in business valuations

• Identify the role of the tax amortization benefit in business valuations

• Identify the characteristics of non-compete agreements in the context of business valuations
 

• Update on today’s mergers & acquisitions landscape: due diligence, types of acquirers, deal structure, and common issues
• Important definitions: measurement period, contingent consideration, intangible assets, and more
• Accounting for business combinations, from identifying the acquirer to determining the goodwill amount
• How to tell the difference between a business and an asset acquisition
• Business combination guidelines and valuation considerations from the AICPA
• Valuing an acquisition, transaction prices, and contingent consideration
• Overview of the cost, market, and income approaches
• The tax amortization benefit
• Special Purpose Acquisition Companies (SPACs) and new SEC rules
• Consolidation guidelines