Accounting for Business Combinations

3 Credits: Accounting


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Accounting for Business Combinations

Course Level
CPE Credits

3 Credits: Accounting

Course Description

Expand your expertise in the field of business combinations with this detailed course focused on the FASB ASC Topic 805. As a finance, accounting, or tax professional, you’ll benefit from an in-depth exploration of the requirements for accounting and reporting in business combinations. This course not only covers the fundamental steps involved in the acquisition method but also dives into the more intricate aspects such as the measurement of assets and liabilities, identification of intangible assets, and the complexities of goodwill and bargain purchases. With a focus on the practical application of these standards, you’ll gain insights into financial statement disclosures and the specific concessions available to private entities. This course not only enhances your theoretical knowledge but also sharpens your practical skills, preparing you to confidently handle the challenges and opportunities presented by business combinations in your professional career.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the definition of a business as it relates to a business combination transaction

Chapter 2

  • List the steps involved in the acquisition method
  • Identify the acquisition date for a business combination
  • Recognize principles and exceptions in the measurement of assets and liabilities of a business combination
  • Cite differences between the various categories of intangible assets
  • Recognize how to measure goodwill and gains from bargain purchases
  • Identify the measurement period for business combinations

Chapter 3

  • Recognize financial statement disclosures related to business combinations
  • Identify the relief afforded to private entities with respect to accounting for business combinations
  • Cite differences between measurement principles of business combinations and asset acquisitions
  • Identify the difference between an acquiree and an acquirer
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Course Specifics

Course ID
Revision Date
January 10, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …