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100-minute live streaming program
  • July 30
  • 1:00 - 2:40 pm EST

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Audio & Reference Manual

Accounting Rules for Business Combinations and Other Consolidation Issues

July 30

Learn key considerations in accounting for business combinations and consolidations.

Acquisition of a business may occur infrequently and when a company buys a new business, or a company is acquired, the accountant may be asked to record the transaction. They may not understand how to get started to account for the transaction in accordance with US GAAP or how to prepare documentation that will satisfy the company’s auditor. This topic helps the person responsible for accounting for acquisitions of a business and consolidations identify when a business acquisition has occurred and understand key considerations in applying the accounting requirements for the acquisition. This material also discusses key considerations when establishing a plan to tackle the complex accounting and valuation issues, and preparing for the company’s auditor. Failure to consider key parts of the accounting guidance and properly plan and document a business acquisition often leads to wasted time, effort and frustration when undergoing a financial statement audit.

Learning Objectives

  • You will be able to recognize when a transaction is not accounted for as a business combination.
  • You will be able to explain why pushdown accounting may be appropriate.
  • You will be able to discuss the plan to account for an acquisition.
  • You will be able to define a business.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Applying the Definition of a Business
  • Existing Definition of a Business
  • Recent Changes to the Definition of a Business
  • Accounting Implications of the Change in the Definition of a Business
Determining the Transaction Price
  • Contingent Consideration
  • Employment Agreements
  • Acquisitions Without Transaction Prices
Accounting for Assets and Liabilities Acquired
  • Identifying Assets and Liabilities
  • Fair Value: Accountants Interaction With Valuation Specialists
  • The Effect of Income Taxes
  • Computing Goodwill or Gain
Pushdown Accounting
  • The Meaning of Pushdown Accounting
  • Choosing the Best Method
  • Addressing Transaction Costs and Reporting Matters
Common Control and Consolidation
  • Common Control Transactions
  • Acquisition of Variable Interest Entities
  • Impact of Adoption of the New Consolidation Guidance
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 16, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Accounting for 2.0 hours.
     

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for CPAs, accountants, finance executives, presidents, vice presidents,business owners and managers, controllers, CFOs, bookkeepers, tax preparers, consultants and financial planners.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mark Winiarski

Mark Winiarski

Mayer Hoffman McCann P.C.

  • Shareholder in the office of Mayer Hoffman McCann P.C.
  • Practice emphasizes all aspects of audit and accounting
  • Conducts regular seminars and workshops on numerous subject matter areas including business combinations and consolidations
  • Wrote several publications related to the areas of business combinations and consolidations
  • Member of American Institute of CPAs (AICPA); Missouri Society of CPAs (MSCPA), Kansas Society of CPAs (KSCPA); Chair of the Technical Issues Group of the MSCPA
  • M.A. degree in accountancy; B.S. degree in accountancy, University of Missouri, Columbia; Certified Public Accountant
  • Can be contacted at 816-945-5614, [email protected] or on Twitter® @KCWini
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406123
Published 2017, 2019
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