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Activity Provided By:

Becker Professional Education

Accounting for Consolidations: What You Need to Know about Cost, Equity & Acquisition Methods, Pt. 2

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Overview / Abstract:

In the second of a two-part course, we focus on the preparation of consolidated financial statements. With a thorough rundown of the rules, case studies and detailed worksheets, you'll be prepared to account for a range of consolidation scenarios. At the conclusion of this session you will be able to:

Recognize the characteristics of acquisition method business combinations
Recognize the accounts that are eliminated and recognized when applying the acquisition method and how to prepare the eliminating journal entry
Recognize how goodwill and noncontrolling interests are accounted for and reported in the consolidated financial statements
Calculate goodwill and noncontrolling interest under the acquisition method
Recognize how expenditures are accounted for in acquisition method business combinations
Recognize the types of identifiable intangible assets and how they are accounted for when applying the acquisition method
Recognize how to eliminate intercompany transactions when consolidating financial statements

Expiration

Aug 18, 2020

Discipline(s)

Accounting , Financial Advisor CE

Format

Online

Cost

79.00

Credits / Hours

2.50 CPE

Keywords / Search Terms

Becker Professional Education

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