4 CPE This course provides an in-depth 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, Business Combinations. 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. Note that this course reflects changes issued through ASU No. 2017-01.
Learning Objectives
- Identify the definition of a business as it relates to a business combination transaction.
- Explore the steps involved in the acquisition method.
- Identify the acquisition date for a business combination.
- Recognize principles and exceptions in the measurement of assets and liabilities of a business combination.
- Discover and differentiate between the various categories of intangible assets.
- 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.
- Identify the relief afforded to private entities with respect to accounting for business combinations.
- Discover and differentiate between measurement principles of business combinations and asset acquisitions.
Last updated/reviewed: March 8, 2024
37 Reviews (153 ratings)
Reviews
Anonymous
(NA)
good *************************************************************************************************************************
Anonymous
()
This course is a good primer for new acountants and is also useful for those who have been in the profession for years but have not been involved in the accounting for business combinations often or at all.
Anonymous
(Controller)
This is an easy read about a complicated topic. The instructor clearly laid out the concepts and easily identified differences in treatments, such as business combination vs asset acquisition.
Anonymous
(Associate Director)
Overall the course provides a great overview for business combinations. Material is easy to read and digest. Recommend for a general knowledge learning of business combinations.
Sydney Ziemba
(Accounting Manager at TGG Accounting)
Great course, great material, definitely a stretch to read through it all and do all questions in 4 hours but the questions were super fair and the PDF was easy to navigate.
Anonymous
(Director)
This is a lot of material and you should expect to read and then re-read the material for the exam. It will take the full 4 hours.
Anonymous
(Senior Manager - Finance)
good overview of ASC 805, reinforcing key concepts in the guidance. Good inclusion of review questions in course materials
Erin McCorry
(Accounting Manager at Ascend Wellness Holdings)
This one was fun. Things you wouldn't necessarily deal with and you're tested on the different situations and criteria.
Anonymous
(Accounting Manager)
Good course on business combinations. There is quite a lot to consider and this course offers a deep dive into combos.
Dianna White
( at private subscription)
Helps understands the basic of business acquisitions and lays out the steps necessary to apply the acquisition method.
Anonymous
(Controller)
Nice review of business combinations. I liked that the author included references and examples for each disclosure.
Anonymous
()
This course was very helpful in reviewing and understanding the specifics involved with business combinations.
Anonymous
(Analyst)
Accounting for Business Combinations is one of the more complex accounting areas. Does a good gob summarizing.
christina sparano
( at blockchain.com)
Very clear and concise course for assessing business combinations. Easy to follow the guidance as defined
Anonymous
()
Comprehensive materials, but not very well organized. Difficult to thoroughly understand, too wordy.
Anonymous
(Consultant)
Informative course with good reminders of topics and principles not dealt with on an ordinary basis.
Anonymous
(Controller)
Great course on business acquisitions. Appreciate the thorough call out to the specific guidelines.
Jatin Talreja
(Financial Accounting Consultant at Wells Fargo)
The course has detailed content and can be used for reference while applying ASC 805 in practice.
Michael Criscione
(Accountant at Amber Road)
I thought this was an interesting course. Added value to a lot of the M&A work I am involved in.
Lindsey Kranz Ramirez
( at Cohesity)
Helpful course that provides additional detail and examples in the PDF for business combinations.
Rodney Pereira
(Assistant Controller at Storable)
This course covers a lot of really good material related to business combinations. Very helpful.
Anonymous
()
Interesting content, final exam was a bit challenging but helped me retain the information.
Thavindra Ekanayake
( at SRR)
Great course: Accounting for Business Combinations (Text Based Course). Ton of great info.
Caleb Lavis
( at Sixth Street)
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Anonymous
()
This was a a very technical class. I enjoyed the detail supported with guidance.
Anonymous
(Accounting Manager)
Great course that describe the basics of accounting for business combinations.
Anonymous
()
Great course; loved revisiting the business combination guidance and concepts
James Starkey
(Assistant Controller at Squarespace)
Thorough materials make this an interesting and detailed course.Thank you!
Kristi Jensen
(Director Finance at Herman Miller,Inc.)
Lots of information to read but the flow of the information makes sense.
Handout and the course tools were very easy to understand the material
Anonymous
()
nice refresher of business combination and asset acquisition concepts.
Anonymous
()
Comprehensive discussion of business combinations. A lot of material.
Anonymous
()
Text based course that covers the topic of business combinations.
Anonymous
(CFO)
Subject not well versed in before the course and the exam.
Marilia Garner
(SVP at Guidehouse LLC)
Good course material, and the course was well organized.
Anonymous
(Senior Revenue Manager)
I enjoyed this course, and I found it very informative
Anonymous
(Director Net Revenue)
Good overview - distinctions were easy to understand
Prerequisites
Course Complexity: Intermediate
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
About Illumeo
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