Business combinations, and the related complex accounting issues that often arise from them, were thought to just be the domain of larger, often publicly traded companies. However, with smaller companies often having aggressive growth plans and with the wide scale availability of financing, business combinations are increasingly occurring at smaller and private companies.
DESIGNED FOR
Accounting and auditing practitioners at all levels desiring to understand the FASB’s business combination guidance
BENEFITS
- Recall the factors determining whether a transaction is an asset acquisition or a business combination
- Identify acquired assets and liabilities in a business combination transaction
- Apply fair value concepts from ASC 820 in accounting for acquired assets and liabilities
- Recall the subsequent accounting for such assets and liabilities, including asset impairment
HIGHLIGHTS
- Determining the definition of a business and applicability of the asset acquisition vs. business combination ac-counting guidance
- Determining the acquirer in a business combination transaction
- Identifying acquired assets and liabilities in a business combination
- Application of fair value principles when measuring assets and liabilities
- Subsequent accounting for acquired assets and liabilities
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in accounting and auditing.
ADVANCE PREPARATION
None