Business Combinations & Goodwill: Key Accounting Considerations Webinar
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Overview
This webinar will provide an overview of current accounting guidance and key terms relating to business combinations that apply to goodwill being recognized or not. We will explore the “Acquisition Method’s” five steps and apply them to practical examples while reviewing certain exceptions. Specific areas of discussion will include:
- The 5 steps of the Acquisition Method
- The qualitative screen concept
- Equity vs. liability classifications
-
Pushdown accounting
Objective
To help financial professionals understand how to effectively utilize goodwill in business combinations while ensuring proper testing of impairments occurs.
SPEAKER:
Bill Witt, Director of Accounting and Transaction Services, MorganFranklin
Emphasis
- Key Accounting Concerns
- Identifying Business Combinations
- Accountant's Roles & Responsibilities
-
Five-Step Acquisition Method
– Identify the acquirer
– Determine the acquisition date
– Measure the consideration transferred
– Recognize and measure the identifiable assets acquired and liabilities assumed
– Recognize and measure goodwill (or gain from bargain purchase) - Reverse Mergers
- Equity Classification for Earn-Outs
- Measurement Period Adjustments
- Acquisition-Method Accounting
This course is included in the following passes:
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View PassesPrerequisite
Basic knowledge of financial accounting and reporting
Level of Knowledge
Overview
CPE Credits
1.5
Hours
NASBA Field of Study
Accounting