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


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

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.

  • 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


Basic knowledge of financial accounting and reporting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: