This course covers the accounting for business combinations (ASC 805), the preparation of consolidated financial statements (ASC 810), and other related topics including, but not limited to: step-by-step acquisition, deconsolidation, segments reporting, and the goodwill impairment test. This course begins with a discussion of the scope of ASC 805 and the differences between business combinations and asset acquisitions. Next, the course explores the measurement and recognition principles of the acquisition method to account for business combinations. Then, the course covers the consolidation process. You will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments.
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements
von
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements
University of Illinois at Urbana-Champaign
Lehrplan - Was Sie in diesem Kurs lernen werden
Woche
11 Stunde zum Abschließen
Course Orientation
You will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
2 Videos (Gesamt 4 min), 3 Lektüren, 1 Quiz
3 Lektüren
Syllabus10m
About the Discussion Forums5m
Updating Your Profile5m
1 praktische Übung
Orientation Quiz10m
3 Stunden zum Abschließen
Module 1: Control of a Business
In this module, you will be introduced to the concepts of control over a business. You will learn different accounting methods used to account for investments in equity securities, the basics of control, the scope of "Business Combination" (ACS 805), as well as the methods to record an acquisition of a group under asset acquisition and business combination.
5 Videos (Gesamt 30 min), 1 Lektüre, 5 Quiz
5 Videos
Overview of Accounting for Investment in Equity Securities – Part 27m
Control4m
Scope of ASC 805 – "Business Combinations"3m
Acquisition of a Group of Assets6m
1 Lektüre
Module 1 Overview and Resources10m
5 praktische Übungen
Lesson 1-1 Knowledge Check30m
Lesson 1-2 Knowledge Check30m
Lesson 1-3 Knowledge Check30m
Lesson 1-4 Knowledge Check30m
Module 1 Quiz
Woche
22 Stunden zum Abschließen
Module 2: Acquisition Method
In this module, you will be introduced to the acquisition method of accounting for a business combination. You will learn the measurement principles for an acquisition and the goodwill equation to calculate the goodwill or gain from a bargain purchase as a result of the business combination. You will also learn how to prepare the consolidated financial statements on the business combination date.
4 Videos (Gesamt 30 min), 1 Lektüre, 4 Quiz
4 Videos
Goodwill Equation8m
Consolidated Financial Statements on the Business Combination Date – Part 111m
Consolidated Financial Statements on the Business Combination Date – Part 26m
1 Lektüre
Module 2 Overview and Resources10m
4 praktische Übungen
Lesson 2-1 Knowledge Check30m
Lesson 2-2 Knowledge Check30m
Lesson 2-3 Knowledge Check30m
Module 2 Quiz
Woche
32 Stunden zum Abschließen
Module 3: Components of Consideration Transferred in a Business Combination
In this module, you will be introduced to different components of consideration transferred in a business combination. You will learn the measurement principles of share-based payment awards and will examine a real-life merger between Express Scrips and Medco companies. Moreover, you will be introduced to the concept of contingent consideration and learn the methods to classify, recognize, and record contingent considerations.
4 Videos (Gesamt 36 min), 1 Lektüre, 3 Quiz
4 Videos
Express Scripts and Medco Merger10m
Contingent Consideration – Part 17m
Contingent Consideration – Part 213m
1 Lektüre
Module 3 Overview and Resources10m
3 praktische Übungen
Lesson 3-1 Knowledge Check30m
Lesson 3-3 Knowledge Check30m
Module 3 Quiz
Woche
43 Stunden zum Abschließen
Module 4: Assets Acquired and Liabilities Assumed
In this module, you will gain a deeper understanding of the assets acquired and liabilities assumed in a business combination. You will be introduced to different types of identifiable assets acquired, such as defensive intangible assets and in-process research and development (IPR&D), and the rules to recognize and measure them under US GAAP and IFRS. You will also learn the difference between a taxable transaction and a non-taxable transaction, and how to calculate deferred taxes on an acquisition date.
5 Videos (Gesamt 35 min), 1 Lektüre, 5 Quiz
5 Videos
Intangible Assets Other Than Goodwill5m
Defensive Asset and In-Process Research and Development (IPR&D)6m
Deferred Taxes on the Acquisition Date – Part 19m
Deferred Taxes on the Acquisition Date – Part 26m
1 Lektüre
Module 4 Overview and Resources10m
5 praktische Übungen
Lesson 4-1 Knowledge Check30m
Lesson 4-2 Knowledge Check30m
Lesson 4-3 Knowledge Check30m
Lesson 4-4 Knowledge Check30m
Module 4 Quiz
Dozent
Michael Kustanovich, CPA
Senior Lecturer of AccountancyAccountancy
Beginnen Sie damit, auf Ihren Master-Abschluss hinzuarbeiten.
Dieses Kurs ist Teil des reinen Onlineabschlusses Master of Science in Accountancy (iMSA) von University of Illinois at Urbana-Champaign.
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Über University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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