AICPA's Guide to Business Combinations, Goodwill and Other Consolidation Issues

Previous title: AICPA's Guide to Business Combinations, Goodwill and Other Consolidation Issues

Learn about the standards for business combinations, accounting for non-controlling interests, goodwill accounting, and variable interest entities. Practitioners and members in industry will benefit from this course's comprehensive guidance on when and how to present consolidated or combined financial statements. In addition, you will learn about what triggers consolidation, applying acquisition accounting, fair value concepts, and determine how to account for goodwill from initial recognition to the annual impairment review.

Topics Discussed:

• Structure of Business Combinations
• Applying the Acquisition Method
• Consolidated Financial Statements
• Noncontrolling Interests
• Goodwill and Other Intangible Assets
• Combined Financial Statements
• Not-For-Profit Issues
• Variable Interest Entities

Learning Objectives:
This course illustrates how to determine when to consolidate and account for a business combination, recognize goodwill impairment, and explain the consolidation requirements for variable interest entities.

Prerequisite:  Basic understanding of consolidation principles

Advanced Preparation:  None