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 self-study accounting 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 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


Basic knowledge of financial accounting and reporting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: