Recognizing Assets & Liabilities in a Business Combination

Recognizing assets acquired and liabilities assumed in a business combination is a critical step in applying the acquisition method process to business combinations.  This step is also one of the more significant steps involved in a business combination transaction.  Given the importance of the recognition of assets and liabilities, it’s critical that you have a good understanding of the principles and requirements related to this step in the process.  This course provides an in-depth overview of this step based on the standards prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805 (“Business Combinations”)

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the steps within the acquisition method for business combinations

·       Identify overall recognition conditions for intangible assets

·       Distinguish between different categories of intangibles assets

·       Recognize the accounting alternative available for private and not-for-profit entities

·       Identify overall measurement principles including specific exceptions

       Revision Date: 1/14/2022

 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
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