This course focuses on the initial recognition and measurement of a business combination, including goodwill and non-controlling interests. Topics will include special considerations, such as how to account for pre-existing relationships, valuing the consideration transferred, and measuring the assets acquired and liabilities assumed. (Available in 2 or 4 hour format)
Course ID: BCAG
Business Combination Accounting, Including Goodwill
Learning Objectives
- Describe the basic principles that underlie business combinations
- Discuss the four step business combination model
- Explain initial recognition and measurement matters, including goodwill and non-controlling interests
- Describe how to handle special circumstances, such as pre-existing relationships and arrangements and share-based payment replacement awards
Major Topics
- Identifying the buyer
- Determining the acquisition date
- Recognition and measurement of assets acquired, liabilities assumed, and noncontrolling interest
- Recognizing goodwill or bargain purchase gain
- Determining consideration transferred
- Proper treatment of special considerations, such as pre-existing relationships and share-based payment replacement awards
Who Should Attend
Public and industry accountants at all levels interested in remaining current on technical accounting and financial reporting requirements
Fields of Study
AccountingPrerequisites
Knowledge of currently effective technical standards