Training
Accounting and assurance standards – Business Combinations
Length: 7 h 00
Updated training for 2025-2026
Summary
Business combinations represent a major strategic issue for many organizations. Their complexity requires CPAs to master not only the accounting rules of Section 1582, but also the assurance implications (audit and review engagements). This training will provide you with an in-depth understanding of the accounting for business combinations, fair value measurement, and goodwill, while also addressing specific considerations for related party transactions.
Learning Objectives:
- Master the requirements of Section 1582 and their practical implications
- Correctly identify and account for different types of business combinations
- Properly document valuations and required tests
- Recognize assurance implications and adjust reports as necessary
- Strengthen professional rigor through concrete examples and exercises
Agenda
Understand the accounting requirements of Section 1582 Business Combinations
- To identify the various types of business combinations
- Accounting for a business combination
- Purchase of assets
- Purchase of shares
- Purchases price breakdown
- Fair value measurement criteria
- Intangible assets subject to amortization and not subject to amortization
- Goodwill and impairment testing
- Business combination achieved in stages
- The specifics of business combinations with related parties under Section 3840 Related Party Transactions
- Financial statement disclosures
- Impacts on assurance
- Audit
- Review
- When should a modified report be considered?
Last but not least
- With practical examples:
- Acquisition of assets
- Acquisition of 100% of shares
- Acquisition of 75% of shares
- Other illustrative cases
- Interactive exchanges with participants
Results for Your Firm
- Stronger files that comply with current standards
- Greater efficiency through improved documentation methodology
- Teams better prepared to handle complex business combinations and their audit/review implications
- Reduced risk of misstatements and report qualifications related to accounting treatment
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