Please note that this Workshop will only be offered as a live, interactive webcast via Zoom. Speakers and participants will be participating in the program remotely. Participants will have the ability to interact with faculty and the live remote audience during the Workshop and will have access to all program materials. Attendees will need to download Zoom Client for Meetings Software prior to the program. If you are using a VPN please disconnect from the VPN prior to starting the program.

1-Day Program

See Credit Details Below

Overview

This program does not offer CLE credit in any jurisdiction.

Why You Should Attend

Learn to apply the business combinations accounting guidance in a pragmatic, practical way.  Workshop participants will gain an in-depth understanding of how to apply the FASB standard (codified in ASC 805) on business combinations, including recent ASUs related to business combinations, how to make journal entries in specific situations, the areas where estimation and judgment are required, the SEC requirements for financial statements and pro forma information for significant business combinations, and the appropriate financial statement disclosure.

What You Will Learn

Through interactive lecture, examples and case studies participants will gain an understanding of:

  • The typical process of acquiring a business from an accountant’s perspective
  • The steps in accounting for the acquisition:
    • Is it a business? The definition of a business
    • Who is the acquirer?
    • What did the company buy and what are the recognition and measurement principles?
    • What was the consideration, including determination of contingent consideration vs. compensation, and replacement options issued for acquiree awards?
  • The measurement period
  • Frequently encountered implementation issues
  • What additional disclosures may be needed in your periodic reports
  • How to manage the volume of disclosure
  • The FASB’s Private Company Council accounting alternatives
  • SEC Form 8-K filing requirements and guidance for acquisition financial statements including carve-outs, pro forma financial information and additional considerations for cross-border acquisitions
  • Pushdown accounting, reverse mergers and other sundry topics

What You Should Bring

For this hands-on Workshop, we recommend you bring examples of business combination transactions from a company or a client, along with the related disclosures.

Who Should Attend

This Workshop is geared for financial reporting professionals who are involved in accounting for business combinations, who review or audit such transactions, or who work in functional areas that could be impacted by a business combination transaction, such as tax professionals or lawyers involved in M&A transactions.

Program Level: Overview

Intended Audience: Financial reporting professionals involved in accounting for business combinations, who review or audit such transactions, or who work in functional areas that could be impacted by a business combination transaction, such as tax professionals or lawyers involved in M&A transactions.

Prerequisites: A background in financial reporting and accounting.  

Advanced Preparation: None

Topics
Accounting and financial reporting Accounting standards Business combination accounting Financial accounting Financial reporting (Accounting and financial reporting)

Credit Details

Schedule & Location