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Becker Professional Education

Consolidation/Business Combinations & Noncontrolling Interests in Consolidated Financial Statements (ASC 805 & ASC 810/SFAS 141-R & 160)

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Overview / Abstract:

With practical examples, a clear presentation of facts and review of relevant definitions, participants will familiarize themselves with the critical background, context and tools to understand the issues and changes related to business combinations and non-controlling interests in consolidated financial statements. After completing this session you will be able to:

Identify the scope, exceptions and effective date of Business Combinations (ASC 805/SFAS 141-R)
Apply the accounting requirements under ASC 805/SFAS 141-R for the following:
Fair Value, Contingent consideration, Restructuring or Exit activity costs, Acquisition related costs, Assets acquired and liabilities assumed, Goodwill, Contingent assets and liabilities, Indemnification assets, Reacquired rights, In-process R&D, Bargain purchases
Recognize the scope and definitions under Noncontrolling Interest in Consolidated Financial Statements (ASC 810/SFAS 160)
Apply the following concepts as they are accounted for under ASC 810/SFAS 160
Measurement, Geography, Net loss, Step acquisition, More control and Loss of control
Recognize the differences between U.S. GAAP and IFRS regarding Business Combinations and Non-controlling Interest in Consolidated Financial Statements


Aug 18, 2020


Accounting , Financial Advisor CE





Credits / Hours

3.00 CPE

Keywords / Search Terms

Becker Professional Education

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