Consolidation/Business Combinations & Noncontrolling Interests in Consolidated Financial Statements (ASC 805 & ASC 810/SFAS 141-R & 160) 

Learning Objectives:
With practical examples, a clear presentation of facts and review of relevant definitions, participants will familiarize themselves with the critical background, context and tools to understand the issues and changes related to business combinations and noncontrolling interests in consolidated financial statements. After completing this session you will be able to:

• List the scope and exceptions under Business Combinations (ASC 805/SFAS 141-R)
• Define, compare, contrast and apply the following concepts and how they are accounted for under ASC 805/SFAS 141-R

• Fair Value
• Contingent consideration
• Restructuring or Exit activity costs
• Acquisition related costs
• Assets acquired and liabilities assumed
• Goodwill
• Contingent assets and liabilities
• Indemnification assets
• Reacquired rights
• In-process R&D
• Bargain purchases

• Define the effective date of ASC 805/SFAS 141-R
• List the scope and definitions under Noncontrolling Interest in Consolidated Financial Statements (ASC 810/SFAS 160)
• Define, compare, contrast and apply the following concepts and how they are accounted for under ASC 810/SFAS 160

• Measurement
• Geography
• Net loss
• Step acquisition
• More control and Loss of control

• Compare and contrast US GAAP with IFRS regarding Business Combinations and Noncontrolling Interest in Consolidated Financial Statements

Delivery Method:
Self-Study

Program Level:
Basic