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”)

Course Publication Date: September 16, 2020

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 $40.00!

Author:Kelen Camehl
Course No:ACT-BUSCOMBAL-8150
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 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.

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Sponsor Number: 109423

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