This course provides an overview of determining whether an acquisition should be accounted for as a business combination or simply as an acquisition of assets. This includes a focus on whether substantially all of the fair value of the gross assets acquired are concentrated in a single identifiable asset or a group of similar identifiable assets.

This course also provides several comprehensive examples which walk through the application of the respective accounting guidance.

Learning Objectives
  • Recognize key differences between assets acquisitions and business combinations.
  • Identify the factors considered in determining whether an acquisition is a business combination.
  • Recognize if substantially all of the fair value of an acquisition is concentrated in a single asset or group of similar assets.
  • Identify indicators of an organized workforce.
Last updated/reviewed: March 20, 2024
12 Reviews (50 ratings)

Reviews

5
Anonymous Author
very good basic course covering the difference between assets and a business. I would recommend to anyone looking for an overview course covering the above topic.
5
Anonymous Author
Reading FASB, ASC and ASU always require careful reading. This course material was clear in the meanings of a definition of a business as contrasted with assets.
5
Member's Profile
The course was concise and easy to understand. A nice summary of the differences between Asset Acquisition and Business Combination.
5
Anonymous Author
Provides the definitions to be able to know the difference between an asset acquisition and a business combination.
4
Anonymous Author
The course adequately described the difference between a business and an asset regarding a direct purchase.
4
Anonymous Author
This is a good overview; I have been a part of a business acquisition as well as asset acquisition.
5
Anonymous Author
Course was on-point and founded it the relevant accounting literature. Helpful and insightful.
5
Member's Profile
Very good course. Well organized Course Material and straight forward questions and answers.
5
Anonymous Author
This was a good, simple refresher course for folks who work at acquisitive companies.
5
Anonymous Author
Nice discussion of differences between asset acquisiton and aquisition of a business.
5
Member's Profile
I love the examples provided. It clearly demonstrated the differences.
5
Anonymous Author
Made the topic easy to understand and provided solid examples.
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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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
COURSE MATERIAL
  Know the Differences Between an Asset Acquisition vs. Business Combination (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam