Recent Developments in Business Combinations/Divestitures Self-Study Webinar (2 Hours)

Recent Developments in Business Combinations/Divestitures Self-Study Webinar (2 Hours)

CPE Credit: 2 Hours

Price: $129.00

NASBA Field of Study: Accounting

 

Overview

Accounting for business combinations (ASC 805), discontinued operations and related topics continue to pose many challenges for today’s financial professionals, and have become a target of ever-increasing scrutiny by the SEC. This incisive, self-study webinar from our SEC Conference will provide you with a thorough understanding of accounting issues and procedures for business combinations and the best ways to handle them.
 

AGENDA HIGHLIGHTS


•  Overview of Business Combination Accounting
   – Basic definitions and key accounting concerns
   – Control obtained through non-traditional events
   – Business combinations vs. asset acquisitions
   – ASU 2017-01—definition of a business
   – Goodwill arising from a business combination

•  The “Acquisition Method” (ASC 805): Five Steps
   – Identify the acquirer
   – Determine the acquisition date
   – Measure the consideration transferred
   – Recognize and measure the identifiable assets acquired and liabilities assumed
   – Recognize and measure goodwill (or gain from bargain purchase)

•  Acquisition-Method Accounting—“Pushdown Accounting”
   – Allocation of purchase consideration—assets and liabilities
   – Calculation of goodwill
   – Reconciliation of acquirer investment to opening equity

•  Examples & Case Studies
   – Reverse mergers
   – Consolidation, deconsolidation and other changes in Investee/Acquiree Equity
   – Contingent consideration—equity vs. liability classification
   – Equity classification for earn-outs
   – Measurement-period adjustments

 

LEARNING OBJECTIVE  To provide accountants and other financial professionals with a thorough understanding of the accounting rules
for business combinations.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Self-Study.

Speakers

SPEAKER


Eric Barger, Principal, Matador Consulting, LLC

 

Detailed Learning Objectives

Identify transactions qualifying as a business combination

Identify transactions that would fall outside of the scope of business combinations (Topic 805)

Recognize the general rule for recording assets and liabilities in a business combination

Recognize, in the context of a business combination, the definition of a business

Identify characteristics of a business combination vs. an asset acquisition

Recognize the steps in applying the acquisition method when accounting for a business combination

Recognize the frequency in which an acquirer enters into a bargain purchase vs. the acquisition of goodwill

Identify the methodology for determining the acquisition date