Business Combinations & Consolidations Self-Study Webinar (11 Hours)

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 self-study webinar, 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 changes to the goodwill impairment test and use of qualitative factors
  • Hear about the impact of COVID-19
Objective: 

To provide accountants with a thorough understanding of the accounting rules for business combinations and intangibles. This self-study webinar will use real-world examples to show you how to put the rules into practice.

Emphasis: 
  • 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, and 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
    – Special treatment for nonpublic entities
    – 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
  • Push down accounting
  • FASB Simplification Initiative: impact on financial statements
  • The impact of COVID-19

• Identify the characteristics of the FASB Simplification Initiative

Identify the future role of codification improvements

Recognize accounting authoritative bodies’ responses to the COVID-19 pandemic

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

Recognize the key event that results in a business combination

Identify how to determine a business combination acquisition date

Recognize the accounting steps when applying the acquisition method

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

Identify the acquisition method step typically the most time-consuming when accounting for a business combination

Recognize the scope limitations of ASC Topic 805

Recognize the circumstances under which goodwill will be recorded in a business combination

Identify the relative occurrence of a bargain purchase in the context of a business combination

Identify the current role of pushdown accounting in a business combination

Identify the appropriate financial statement placement of the consolidated net income attributable to a noncontrolling interest

Recognize the circumstances under which a subsidiary should be deconsolidated from the parent entity

Recognize the appropriate useful economic life for intangibles with finite lives

Identify the relevant factors for determining useful economic life of intangibles

Identify the accounting parameters of accounting for the impairment of intangibles other than goodwill

Recognize the traditional valuation measures for intangibles

Identify the types of intangibles not typically separated from goodwill

Identify the unit at which goodwill impairment is tested

Identify the available methodologies for assigning goodwill to reporting units

Recognize events that would typically trigger a goodwill impairment test

Recognize the appropriate frequency for which impairment testing must occur

Recognize goodwill impairment testing options available to specified organizations

Identify impairment testing qualitative assessment considerations

Recognize basic accounting rules for the equity method of accounting for investments

Identify reasons for organizations to form a joint venture

Identify the rights held by investors in a joint venture

Recognize the accounting consequences of FIN 46R on accounting for VIEs

Recognize the characteristics of special purpose entities
 

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Price: 
$399.00
Prerequisite: 

Basic knowledge of financial accounting and reporting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
11.00
NASBA Field of Study: 
Accounting