Course Highlights
  • MASTER Consolidations & Business Combinations on the FAR portion of the CPA Exam
  • Review real CPA exam questions issued by the AICPA, the makers of the CPA exam
  • Understand the theory and concepts behind the rules for consolidations and business combinations
  • Consolidate financials of a parent and a subsidiary using an easy-to-follow method
  • Calculate and record the acquisition entry for a business combination
  • Record eliminating journal entries for intercompany transactions
  • Account for goodwill and goodwill impairment under U.S. GAAP and IFRS
  • Calculate and record the entries for a parent's change in ownership in the subsidiary
Curriculum

1 Topic
Consolidations & Business Combinations: Basic Concepts

1 Topic
Business Combination: Acquisition + Goodwill

1 Topic
Business Combinations + Bargain Purchase Gain

1 Topic
Business Combinations + Noncontrolling Interest

1 Topic
Business Combinations: Measurement Period

1 Topic
Business Combinations: Other Matters

1 Topic
Business Combination Achieved in Stages

1 Topic
Consolidations: After Acquisition (Equity Method)

1 Topic
Consolidations: Parent Decreases Ownership (and Retains Control)

1 Topic
Intercompany Eliminations: Property Plant & Equipment

1 Topic
Intercompany Eliminations: Inventory

1 Topic
Intercompany Eliminations: Inventory II

1 Topic
Intercompany Eliminations: Assets and Liabilities

1 Topic
Intercompany Eliminations: Dividends

2 Topics
Goodwill Impairment
Goodwill: Practice Problem

1 Topic
Partial Goodwill Method (IFRS)

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CPA Exam: Consolidations & Business Combinations, In a Snap!

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