This course provides a high-level overview of the accounting and reporting requirements for business combinations under ASC Topic 805. The guidance aims to enhance the relevance, reliability, and comparability of financial information related to business combinations and their impact on a reporting entity’s financial statements.
Learning Objectives
- Identify the definition of a business as it relates to a business combination transaction.
- Recognize steps involved in the acquisition method.
- Recognize how assets and liabilities of a business combination are recorded/measured.
- Identify how to measure goodwill and gains from bargain purchases.
- Identify the measurement period for business combinations.
- Recognize the relief afforded to private and not-for-profit entities for business combinations.
Last updated/reviewed: February 24, 2025
18 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