Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements

Colleagues, the Advanced Financial Reporting program covers the accounting for business combinations (ASC 805), the preparation of consolidated financial statements (ASC 810), and other related topics including, but not limited to: step-by-step acquisition, deconsolidation, segments reporting, and the goodwill impairment test. This course begins with a discussion of the scope of ASC 805 and the differences between business combinations and asset acquisitions. Next, the course explores the measurement and recognition principles of the acquisition method to account for business combinations. Then, the course covers the consolidation process. You will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments. Skill-based training modules address: 1) Control of a Business, 2) Acquisition Method, 3) Components of Consideration Transferred in a Business Combination, 4) Assets Acquired and Liabilities Assumed, 5) Preparation of Consolidated Financial Statements after the Acquisition Date, 6)  Intercompany Transactions and Non-controlling Interest, 7) Change in the Percentage of Ownership and Other Related Topics, and 8) Segment Reporting and Goodwill Impairment Test

Enroll today (individuals & teams welcome): https://tinyurl.com/tey2h2py 

Much career success, Lawrence E. Wilson - Financial Certification Academy