What You Need to Know About Accounting for Business Combinations

• Chapter 1 - Overview of Accounting For Business Combinations
• Learning Objectives
• Introduction
• Background - the Role of Control in U.S. GAAP
• The Purpose and Objectives of the Revised Statement
• The Role of Convergence in Issuing the Revised Statement
• The Current Status of FASB Accounting Standards Codification
• The Influence of the SEC and Other Regulators
• Summary
• Review Questions
• Answers To Review Questions
• Chapter 2 - Introduction to SFAS No. 141(R), Business Combinations
• Learning Objectives
• Introduction
• Scope of the Statement and Definition of a Business Combination
• Key Terms Used in SFAS No. 141(R)
• Definition of a Business
• Identification of the Acquirer and the Acquiree
• Summary
• Review Questions
• Answers to Review Questions
• Chapter 3 - The Acquisition Method
• Learning Objectives
• Introduction
• The Acquisition Method
  • Step 1: Identifying the Acquirer
  • Step 2: Determining the Acquisition Date
  • Step 3: Recognizing and Measuring the Identifiable Assets Acquired, the Liabilities Assumed, and Any Noncontrolling Interest in the Acquiree
    • The Recognition Principle
    • The Measurement Principle – Initial Measurement
• Exceptions to the Principles
  • Income Taxes
  • Employee Benefits
  • Indemnification Assets
• Step 4: Recognizing and Measuring Goodwill or a Gain from a Bargain Purchase
• Consideration and Contingent Consideration
  • Consideration Transferred
  • Contingent Consideration
• Other Issues
  • Acquisition-related and Other Costs
  • Step or Partial Acquisitions
  • Subsequent Measurement and Accounting
  • Required Rights
  • Assets or Liabilities Arising from Acquisition-Date Contingencies
  • Indemnified Assets
  • Contingent Consideration
• Summary
• Review Questions
• Answers to Review Questions
• Chapter 4 - Goodwill and Intangible Assets
• Learning Objectives
• Introduction
• Recognition of Goodwill
• Recognition of Intangible Assets Separately from Goodwill
• Examples of Identifiable Intangible Assets
• Items That Are Not Identifiable
• Fair Value Measurements in a Business Combination
  • The Market Approach
  • The Income Approach
  • The Cost Approach
• IPR & D
• Assets the Acquirer Does Not Intend to Use
• Summary
• Review Questions
• Answers to Review Questions
• Chapter 5 - Disclosures Required for Business Combinations
• Learning Objectives
• Introduction
• Required Disclosures for Business Combinations
• Effective Date and Transition
• Summary
• Review Questions
• Answers to Review Questions
• Appendix A: Implications of FAS 141(R)
• Chapter 6 - SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements
• Learning Objectives
• Introduction
• Objective and Scope
• Key Terms Used in SFAS No. 160
• Key Points of the Statement
  • Accounting and Presentation
  • Changes in Ownership and Deconsolidation
  • Expanded Disclosures
  • Effective Date and Transition
• Summary
• Review Questions
• Answers to Review Questions
• Appendix A: Summary of Accounting for Changes in Ownership Interests
• Appendix B: Summary of Changes in Key Provisions
• Chapter 7 - Implementation Issues
• Learning Objectives
• Introduction
• Issues Surrounding SFAS No. 141(R) and SFAS No. 160
• Other Areas
• Available Resources
• Summary
• Review Questions
• Answers to Review Questions
• BDO Client Advisory: New Accounting for M&A Affects Earnings and Deals
• What you need to know about the new accounting standards affecting M&A deals
• Statement of Financial Accounting Standards No. 141 (revised 2007) Business Combinations
• Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51
• Glossary
• Index
• Examination for Self-Study Credit

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