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Product ID: 401489EAU
 
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Accounting Rules for Business Combinations and Other Consolidation Issues

OnDemand Webinar (104 minutes)

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.

Authors

Mark Winiarski, Mayer Hoffman McCann P.C.

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