Upon completion of this Course, you will be able to:

• Identify the definition of a business as it relates to a business combination transaction;
• List the steps involved in the acquisition method;
• Identify the acquisition datefor a business combination;
• Recognize how to measure goodwilland gains from bargain purchases;
• Identify the measurement period for business combinations;
• Recognize financial statement disclosures related to business combinations;
• List the five steps involved in the new revenue recognition model;
• Recognize the considerations involved in identifying whether a contractexists;
• Identify the considerations involved with measuring the transaction price;
• Recognize the steps involved in allocating the transaction priceto performance obligations;
• Determine whether an arrangement contains a lease;
• Identify considerations with respect to substitution rights;
• Identify the criteria for the new finance leaseand short-term leases;
• Recognize the new recognition and measurement requirements for both lessees and lessors;
• Identify the requirements related to lease modifications;
• Identify presentation and disclosure requirements for both lessees and lessors;
• Identify the recognition requirements related to goodwill;
• Recognize overall characteristics of goodwill impairment testing;
• Differentiate between the qualitative and quantitative testof goodwill impairment;
• Identify key characteristics of the accounting alternativefor goodwill;
• List the key disclosurerequirements for goodwill and goodwill impairment losses;
• Identify key characteristics of operating segments;
• Recognize characteristics of the entity’s chief operating decision maker;
• Identify the quantitative thresholds used for reportable segments;
• Recognize disclosure requirements for reportable segments as well as entity-wide disclosures;
• Distinguish between software that is considered internal-useand not considered internal-use;
• Recognize how implementation costs are accounted for in various stages of software development;
• Identify when capitalization and amortization should commence;
• Recognize how implementation costs of hosting arrangements are accounted for differently;
• Recognize software that is within the scope of ASC Topic 985-20;
• Identify how software costs are recorded prior to and after establishing technological feasibility;
• Recognize how amortization is recorded for capitalized software costs;
• Identify general disclosure requirementsrelated to software for resale;
• List the different types of accounting changesand how they affect an entity’s financial statements;
• Differentiate between the requirements for the different types of accounting changes;
• Identify the steps involved in the required assessment for a correction of an error;
• Differentiate between the iron curtain and rollover methods for quantifying a correction of an error;
• Recognize the different types of restatements required as a result of accounting changes;
• Differentiate between a GAAP financial measure and a non-GAAPfinancial measure;
• Recognize examples of different types of non-GAAPfinancial measures;
• Identify which SECguidance is applicable to different types of non-GAAP financial measures;
• Recognize disclosures within the scope of Regulation G; and
• Identify key requirements included within both Regulation G and Regulation S-Krelated to these measures;