Business Combinations And Consolidated Financial Reporting

Business Combinations  And Consolidated Financial Reporting
Click to enlarge
Price: $49.99
Credits: 4
Prerequisite: Basic Accounting
Level: Basic to Intermediate
Model: JS068
Author: Delta Publishing
Average Rating: Not Rated
Fields of study: Accounting
Format: PDF


In December 2007, when the FASB, after many years of deliberation, simultaneously issued two new standards reflected in the Codification as ASC 805, Business Combinations, and ASC 810, Consolidation. These statements, which require prospective treatment for new business combinations having fiscal years beginning after December 15, 2008, mandate what is referred to as the acquisition method. Moreover, the purchase method of accounting will no longer be permitted for acquisitions closed after the effective date of the new rules.

This course emphasizes both the theory and practice relating the new standards (i.e., the acquisition method). However, since preexisting accounting methods (e.g., poolings of interest and purchase methods) will continue to be used for transactions closed before the effective dates of ASC 805 and ASC 810, a comparison of old and new rules prepare practitioners for dealing with the variety of practices they will encounter at their clients or employers. It also addresses the preparation of consolidated financial statements, the appropriate treatment of the costs affection a combination, and other related issues.

 

Click here for Course Objectives

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Write Review
Your Name:


Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.
No Records.