Know the Differences Between an Asset Acquisition vs. Business Combination
Course Overview:
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:
Upon completion of this course, you will be able to:
· 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
Course Number:
KC50
NASBA Field of Study:
Accounting
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
October 2022
CPE Credits:
1
Prerequisites:
None
Advanced Preparation:
None
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