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)
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
.
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Kelen CamehlCPA, MBA