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Accounting for Business Combinations

  • Understand the expanded definitions of a business and a business combination
  • Learn the details of acquisition accounting, including expensing transaction and exit costs
  • Review expanded use of fair value, including to measure contingent consideration
  • Understand the issues in “Day Two” accounting
  • Understand the implications of the measurement period including retrospective adjustment
  • Learn recent implementation issues
  • Solve case study problems
  • Understand related SEC staff hot buttons and review examples
  • Understand the impact on your annual goodwill impairment test
Date City Hotel Register
May 23 Dallas, TX Four Seasons Resort and Club Register
June 21 New York, NY Marriott Marquis Register
June 28 San Francisco, CA The Ritz-Carlton Register
September 18 Las Vegas, NV Four Seasons Register

Agenda

 
8:00 - 8:30 Registration/Continental Breakfast
8:30 - 9:00 Welcome, Introduction, and Course Overview
9:00 - Noon The Acquisition Method, plus Implementation Issues
  • Is there a business combination?
  • Acquirer? Purchase price? Acquisition date?
  • Recognition principle
  • Measurement principle
  • Application to certain assets and liabilities
  • Implementation issues related to certain assets and liabilities
  • Examples
Noon - 1:00 Lunch
1:00 - 2:30 The Acquisition Method - More Details & Some Oddities
  • Exceptions to recognition and measurement, including
    • Income taxes
    • Employee benefits
    • Share-based payments
  • Contingent consideration
  • Goodwill or bargain purchase?
  • Step acquisitions
  • Measurement period
  • How do you treat costs of the acquisition?
  • Restructuring costs
  • Subsequent measurement and accounting
  • More implementation issues
  • Disclosures
2:45 - 3:45 Case Studies
3:45 - 4:30 Subsequent Accounting for Goodwill
4:30 - 4:40 Wrap-up
xx CPE Credits: 8 xxx Program Level: Overview x Prerequisites: None

Learning Objective: By using lecture and examples, this workshop will give participants an in-depth understanding of how to apply the FASB pronouncements on business combinations, how to make journal entries in specific situations and the appropriate financial statement disclosures.

Date City Hotel Register
May 23 Dallas, TX Four Seasons Resort and Club Register
June 21 New York, NY Marriott Marquis Register
June 28 San Francisco, CA The Ritz-Carlton Register
September 18 Las Vegas, NV Four Seasons Register

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       Year after year, an excellent program. I expect to attend this program every year until I retire!

Pamela B. Bruno Vice President, Controller & CAO BNP Residential Properties, Inc. Charlotte, NC

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