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GOODWILL IMPAIRMENT BASICS
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ACCOUNTING FOR GUARANTEES
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ACCOUNTING CHANGES AND ERROR CORRECTIONS
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ACCOUNTING PRINCIPLE CHANGES
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ACCOUNTING FOR SOFTWARE SALES
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HOW TO READ AND ANALIZE FINANCIAL STATEMENTS
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GOODWILL IMPAIRMENT TESTING
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EVALUATING AND PROPERLY DISCLOSING FASB ACCOUNTING STANDARD UPDATES (ASUS)
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INTRODUCTION TO FINANCIAL STATEMENTS AND THE ENVIRONMENT OF FINANCIAL REPORTING
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EARNINGS MANAGEMENT
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CURRENT ASSETS AND ASSET VALUATION
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EQUITY INVESTMENTS AND LONG-LIVED ASSETS
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PREPARING FINANCIAL STATEMENTS
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SEC ENFORCEMENT OF ACCOUNTING AND REPORTING REGULATION
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FINANCIAL REPORTING AND ANALYSIS - 10 COURSE SERIES
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GAAP HOT TOPICS – WHAT YOU NEED TO KNOW
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MANAGEMENT DISCUSSION & ANALYSIS (MD&A) – WHAT YOU NEED TO KNOW
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SEC HOT TOPICS: MD&A AND NON-GAAP FINANCIAL MEASURES
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DISCLOSURE REQUIREMENTS FOR SEC FORM 8-K
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LESSEE ACCOUNTING: IDENTIFICATION, CLASSIFICATION & RECOGNITION
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REVENUE RECOGNITION: HOW TO IDENTIFY PERFORMANCE OBLIGATIONS
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SEC FORM 8-K: WHEN TO FILE AND WHAT TO DISCLOSE
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DISCLOSURE REQUIREMENTS: REV REC, LEASES, BUSINESS COMBINATIONS, CECL & SEGMENTS
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ACCOUNTING FOR SOFTWARE – INTERNAL USE AND EXTERNAL SALES
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LEASE ACCOUNTING AND REPORTING - WHAT YOU NEED TO KNOW
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ACCOUNTING FOR BUSINESS COMBINATIONS
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LEASE ACCOUNTING FUNDAMENTALS
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CLASSIFICATION AND ACCOUNTING FOR DEBT AND EQUITY
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WHAT YOU NEED TO KNOW ABOUT CASH FLOW
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OVERVIEW OF THE STATEMENT OF CASH FLOWS
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PRINCIPLES OF FINANCIAL STATEMENT PRESENTATION
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ACCOUNTING FOR HELD FOR SALE ASSETS
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DETAILED OVERVIEW OF THE HELD FOR SALE CLASSIFICATION CRITERIA
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CASH FLOW REPORTING & OTHER FINANCIAL STATEMENT DISCLOSURE HOT TOPICS
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SUPPLIER FINANCE PROGRAMS – WHAT YOU NEED TO DISCLOSE
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KNOW THE DIFFERENCES BETWEEN AN ASSET ACQUISITION VS. BUSINESS COMBINATION
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OPTIMIZE CASH FLOW THROUGH RECEIVABLES FACTORING
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SEC PAY VERSUS PERFORMANCE DISCLOSURES – WHAT YOU NEED TO KNOW
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TRUE SALE OPINIONS – WHAT YOU AND YOUR AUDITOR NEED TO CONSIDER
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THE BASICS OF NOT-FOR-PROFIT (NFP) FINANCIALS
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Self study cpe
Business Combinations Overview

BUSINESS COMBINATIONS OVERVIEW

There is no video recording for this CPE course - materials are in a printable document.
CPE Processing Fee$40.00
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits 2.0 hours
Subject Area 2.0 - Accounting
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJanuary 4, 2022
Date OfferedJanuary 4, 2022
Expiration DateJanuary 4, 2023
Course Description

This course provides an in-depth overview of the accounting and reporting requirements with respect to business combinations as prescribed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations.  The overall objective of the guidance included within ASC 805 is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about a business combination and its effects.   

Learning Objectives:


  • Identify the definition of a business as it relates to a business combination transaction

  • List the steps involved in the acquisition method

  • Identify the acquisition date for a business combination

  • Recognize how to measure goodwill and gains from bargain purchases

  • Identify the measurement period for business combinations

  • Recognize financial statement disclosures related to business combinations

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Ss kelen general
Handout Materials
Presentation Slides
Additional Materials
Glossary
Review Questions
Review Questions
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".   

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX.  Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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Editorial Advisor for the AICPA’s "Journal of Accountancy" and author and reviewer of continuing professional education (CPE) courses for CPAs and other accounting professionals.