Course Information
Business Combinations and Consolidated Financial Reporting
Course Information
| Title: | Business Combinations and Consolidated Financial Reporting |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | A022-0396 |
| CPE Credits: | 4 |
| Price: | 34.95 |
Description
Description:
The accountant is frequently called upon to advise management of the impact of proposed combinations, as well as to prepare consolidated financial statements for completed transactions. Knowledge of the emerging accounting rules in this area is critical in supporting both functions. This course explains the characteristics of a business and identifies transactions required the application of business combination accounting, which refers to acquisition method in ASC 805, Business Combinations. This course also explains how to apply the consolidation guidance in ASC 810, Consolidation.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Technical Details: Accounting: Technical
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Objectives
Objectives:
1. Recognize major principles in a business combination and consolidations 2. Identify events that require the application of business combination accounting 3. Recognize how to account for transactions under the acquisition method 4. Identify considerations for noncontrolling interests 5. Recognize when financial statement consolidation is appropriate 6. Recognize how consolidation is reported and disclosed
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA