Business Combinations & Consolidations Self-Study Webinar
Overview
Business combinations and consolidations remain some of the most technical and judgment-driven areas in financial reporting. This self-study webinar offers a comprehensive look at the accounting, valuation, and disclosure considerations that accompany mergers, acquisitions, and other complex transactions. Participants will gain a deeper understanding of how to apply professional judgment, interpret evolving guidance, and ensure accuracy in financial statements amid a shifting regulatory landscape.
- Examine the real-world implications of evolving financial accounting and regulatory standards
- Understand how valuation techniques impact post-acquisition reporting and analysis
- Explore strategies for improving transparency and consistency in consolidation processes
- Strengthen your ability to navigate complex deal structures with confidence and financial reporting in mind
Objective
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
Emphasis
- 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
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