Accounting for Business Combinations

CPE Credits
NASBA Category

There are no prerequisites.



Course Description

Business combinations are a common way for companies to grow in size. This course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations. The overall objective of the guidance included within ASC 805 is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.


Kelen Camehl, CPA, MBA

Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat assignment). Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors. Kelen is …

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Course Specifics

Course ID
Revision Date
April 1, 2020
Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

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