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
- Discuss the comprehensive principles and rules for accounting business combinations
- Learn to recognize and value business and assset acquisitions appropriately
- Analyze differences between cost, market, and income approach
- Understand the consistently evolving use of Special Purpose Acquisition Companies (SPACs)
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.
- Current M&A landscape
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Valuation considerations
– Operating value
– Projected financial information
– Valuing an acquisition - Transaction price
- Contingent consideration
- Tax amortization benefit
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Intangible assets
– Marketing related
– Customer related
– Artistic related
– Contract based
– Technology based
– Goodwill - SEC proposed rule for SPACs
• 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