AICPA's Guide to Business Combinations, Goodwill and Other Consolidation Issues

Learn how the new accounting standards, SFAS 141 and 142, have changed the rules for business combinations and goodwill accounting. This course provides comprehensive guidance on when and how to present consolidated or combined financial statements. Learn to identify criteria of control that triggers consolidations and develop standards for applying purchase accounting and how to allocate the acquired entity now that it’s the only game in town under SFAS 141. Learn how SFAS 142 deals with goodwill from initial recognition to the annual impairment review requirements.

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