This course covers the accounting for business combinations (ASC 805), the preparation of consolidated financial statements (ASC 810), and other related topics including, but not limited to: step-by-step acquisition, deconsolidation, segments reporting, and the goodwill impairment test. This course begins with a discussion of the scope of ASC 805 and the differences between business combinations and asset acquisitions. Next, the course explores the measurement and recognition principles of the acquisition method to account for business combinations. Then, the course covers the consolidation process. You will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments.
Business Combination Achieved in Stages – Part 2
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4.7 (141 évaluations)
- 5 stars78,01 %
- 4 stars17,02 %
- 3 stars1,41 %
- 2 stars0,70 %
- 1 star2,83 %
AA
14 juin 2021
Very helpful for beginners and lot of interesting being covered and gained a lot of knowledge through this course
KR
30 juin 2020
Excellent class for anyone in financial reporting looking to brush up on some more technical areas.
À partir de la leçon
Module 7: Change in the Percentage of Ownership and Other Related Topics
In this module, we will explore the accounting rules for changes in the percentage of ownership of a Subsidiary and other topics that relate to business combinations. You will learn how to account for a business combination that was achieved in stages, and how to calculate the gain or loss on deconsolidation of the Subsidiary. Also, you will be introduced to the situation in which the Subsidiary acquires shares of the Parent and learn the methods to measure and record the transaction.
Enseigné par
Michael Kustanovich, CPA
Clinical Assistant Professor of Accountancy
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