Business Combinations & Goodwill: Key Accounting Considerations Webinar (1.5 Hours)

Overview: 

This webinar will provide an overview of current accounting guidance and key terms relating to business combinations that apply to goodwill being recognized or not. We will explore the “Acquisition Method’s” five steps and apply them to practical examples while reviewing certain exceptions. Specific areas of discussion will include:

  • The 5 steps of the Acquisition Method
  • The qualitative screen concept
  • Equity vs. liability classifications
  • Pushdown accounting
     
Objective: 

To help financial professionals understand how to effectively utilize goodwill in business combinations while ensuring proper testing of impairments occurs.

 

SPEAKER:

Bill Witt, Director of Accounting and Transaction Services, MorganFranklin

Emphasis: 
  • Key Accounting Concerns
  • Identifying Business Combinations
  • Accountant's Roles & Responsibilities
  • Five-Step Acquisition Method
    – Identify the acquirer
    – Determine the acquisition date
    – Measure the consideration transferred
    – Recognize and measure the identifiable assets acquired and liabilities assumed
    – Recognize and measure goodwill (or gain from bargain purchase)
  • Reverse Mergers
  • Equity Classification for Earn-Outs
  • Measurement Period Adjustments
  • Acquisition-Method Accounting
Bottom
Prerequisite: 

Basic knowledge of financial accounting and reporting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
1.50
NASBA Field of Study: 
Accounting