M&A Accounting - A Quick Guide to ASC 805
Course Description:
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:
Upon successful completion of this course, participants will be able to:
- 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
Course Number:
KC104
NASBA Field of Study:
Accounting
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2025
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
0 Comments