This course provides an 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. 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.
Learning Objectives
- Identify the definition of a business.
- Explore and list the steps involved in the acquisition method.
- Identify the acquisition date for a business combination.
- Recognize how to measure goodwill and gains from bargain purchases.
- Identify the measurement period for business combinations.
- Recognize financial statement disclosures related to business combinations.
Last updated/reviewed: March 21, 2024
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Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Kelen CamehlCPA, MBA