Business Combinations & Consolidations


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 seminar, 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 seminar 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
    – 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

Basic knowledge of financial accounting and reporting.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: