Courses

Surgent's Business Combinations - U.S. GAAP vs. IFRS - Download

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Member Price: $29.00 Non-Member Price: $44.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting: 1.00
Fields of Study:: Accounting
Level:: Basic

This course provides an overview of the similarities and key differences between the business combination standards issued by the FASB (ASC Topic 805) and the IASB (IFRS 3). While these standards are very similar, as is the case with many areas of U.S. GAAP vs. IFRS, there are notable differences that are helpful to understand. Note that this course is not intended to provide an exhaustive discussion of these differences.

Objective

List the key steps in the acquisition method for business combinations
Recognize the applicable U.S. GAAP and IFRS standard with respect to business combinations
Identify some of the key differences between ASC Topic 805 and IFRS 3

Highlights

Determining the acquisition date
Recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree
Acquisition of contingencies
Noncontrolling interests
Recognizing and measuring goodwill or gain from a bargain purchase
Measurement period adjustments

Designed For

Accounting professionals

Prerequisite

None

Advanced Preparation

None