Build confidence distinguishing asset acquisitions from business combinations.
If acquiring assets, including assumed liabilities, does not qualify as a business acquisition, the transaction is called an asset acquisition, not a business combination. Asset acquisitions follow a cost-accumulation model under Topic 805-50, while business combinations use a fair-value model under ASC 805. This course provides a structured accounting framework for asset acquisition transactions, enabling participants to apply Topic 805-50 principles and distinguish asset acquisitions from business combinations with accuracy. By participating in this seminar, you will develop a basic yet practical understanding of the asset acquisition accounting framework and walk away with the confidence to distinguish asset acquisitions from business combinations and other types of mergers and acquisitions.
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Why Lorman?
Over 39 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
GAAP Definition
- Accounting Guidance
- Asset Versus Business Acquisition
- FASB's Two Tests
SEC Definition
- Form 8-K
- Regulation S-X
- Differences Between GAAP and SEC
Cost of Acquisition
- Direct Asset-Acquisition Costs
- Initial Measurement
- Acquired Contingencies
- Settlement of Pre-Existing Contracts
- Leases
Subsequent Measurements
- Goodwill
- Intangible Assets
- Assembled Workforce
- Customer List
- IPR&D
Reverse Asset Acquisition
Deferred Taxes
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Credit
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Why Lorman?
Over 39 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 Course
This course was last revised on July 30, 2026.
Call 1-866-352-9540 for further credit information.
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
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Why Lorman?
Over 39 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
Josef Rashty, CPA, Ph.D. (candidate)
Josef Rashty, CPA
- Certified Public Accountant and a Ph.D. candidate
- Started his career in public accounting with Arthur Andersen and has worked for over 25 years with Silicon Valley technology companies as a financial executive
- Has taught accounting as an adjunct professor and lecturer of accounting with a few universities in the Bay Area for the past ten years
- Has published over 70 articles on contemporary accounting issues in several accounting professional journals (available at https://josefrashty.com)
- He is a peer technical reviewer of the CPA Journal (a New York Society of CPAs publication)
- Regularly publishes CPE accounting articles for Today’s CPA (a Texas Society of CPAs publication) and CPAFocus (an Oklahoma Society of CPAs publication)
- Can be contacted at [email protected]
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Why Lorman?
Over 39 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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