This course provides a comprehensive overview of the accounting and reporting requirements for recognizing assets and liabilities in business combinations, as prescribed by ASC Topic 805. It focuses on the key principles and methodologies for identifying and measuring the assets acquired, liabilities assumed, and any noncontrolling interest in the acquiree.

Learning Objectives
  • Identify the steps within the acquisition method for business combinations.
  • Identify overall recognition conditions for intangible assets.
  • Distinguish between different categories of intangibles assets.
  • Identify overall measurement principles including specific exceptions.
  • Recognize the accounting alternative available for private and not-for-profit entities.
Last updated/reviewed: February 25, 2025
13 Reviews (55 ratings)

Reviews

5
Anonymous Author
Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations. This step is also one of the more significant steps involved in a business combination transaction. Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process. This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”)

5
Anonymous Author
Good reinforcement of business combinations that aligns with material presented in other courses. Enjoyed the supporting material.

4
Anonymous Author
I really enjoyed Recognizing Assets & Liabilities in a Business Combination (Text Based Course) it was a well thought out course

5
Member's Profile
This course thoroughly covered the subject matter and included many items that I have not encountered previously.

5
Anonymous Author
Text is well laid out and easy to read. Gives examples and clearly categorizes different assets

5
Anonymous Author
Good, detailed, course on recognition of assets and liabilities in a business combination.

4
Member's Profile
general introduction but some overlap with another subject "business combination overview"

5
Anonymous Author
Thorough & interesting content. Final exam was challenging but fair. Would recommend!

5
Anonymous Author
Great primer on business combinations. This course was thorough and easy to follow.

5
Member's Profile
Very easy to read and follow. The material is really helpful. Great course.

5
Anonymous Author
Tough course on business combinations, a lot of material to get thru.

5
Anonymous Author
Good starter for combination - hit some core topics so helped.

5
Anonymous Author
I enjoyed the course, and I found it very informative.

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 .
Instructor for this course
Course Syllabus
SUPPORTING MATERIAL
  Business Combinations - Recognizing and Measuring Key Assets & LiabilitiesPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam