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.
Course Publication Date:
April 15, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Kelen Camehl |
| Course No: | ACT-BUSCOMB-8105 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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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.