CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Business Combinations and Consolidations

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

The typical accountant is well-versed in the accounting for daily operational transactions but finds the accounting for business combinations and consolidations to be quite foreign. In some cases, they may outsource this work to experts, rather than taking the risk of making a mistake. This Business Combinations and Consolidations course is designed to improve the accountant’s familiarity with the topic by addressing business combinations, the equity method, goodwill accounting, and consolidations. As a bonus, we have also included a discussion of the tasks needed to fully integrate the accounting operations of the acquirer and the acquiree.

You’ll find answers to many questions, including:

  • What steps are required to complete the acquisition method?
  • Which intangible assets can be recognized as part of a business combination?
  • How do I account for a bargain purchase?
  • How do I account for an investment under the equity method?
  • Under what circumstances can I amortize goodwill?
  • What steps are involved in the consolidation of financial statements?
  • When can I consolidate a variable interest entity?

Learning Objectives

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

Chapter 1

  • Identify the circumstances under which step and reverse acquisitions occur.

Chapter 2

  • Note the calculations required to determine the amount of ownership in an investee under the equity method.

Chapter 3

  • Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used.

Chapter 4

  • Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.
  • Recognize when financial statements are considered to be special-use.

Chapter 5

  • Recognize the actions needed to centralize accounting activities following a business combination.

Course Specifics

Course ID
1183412
Revision Date
August 13, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Business Combinations and Consolidations

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

The typical accountant is well-versed in the accounting for daily operational transactions but finds the accounting for business combinations and consolidations to be quite foreign. In some cases, they may outsource this work to experts, rather than taking the risk of making a mistake. This Business Combinations and Consolidations course is designed to improve the accountant’s familiarity with the topic by addressing business combinations, the equity method, goodwill accounting, and consolidations. As a bonus, we have also included a discussion of the tasks needed to fully integrate the accounting operations of the acquirer and the acquiree.

You’ll find answers to many questions, including:

  • What steps are required to complete the acquisition method?
  • Which intangible assets can be recognized as part of a business combination?
  • How do I account for a bargain purchase?
  • How do I account for an investment under the equity method?
  • Under what circumstances can I amortize goodwill?
  • What steps are involved in the consolidation of financial statements?
  • When can I consolidate a variable interest entity?

Learning Objectives

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

Chapter 1

  • Identify the circumstances under which step and reverse acquisitions occur.

Chapter 2

  • Note the calculations required to determine the amount of ownership in an investee under the equity method.

Chapter 3

  • Recognize the situations in which impairment testing is to be conducted, and when goodwill amortization can be used.

Chapter 4

  • Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.
  • Recognize when financial statements are considered to be special-use.

Chapter 5

  • Recognize the actions needed to centralize accounting activities following a business combination.

Course Specifics

Course ID
1183412
Revision Date
August 13, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Business Combinations and Consolidations

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear