About this Course
This course addresses authoritative guidance on accounting for business combinations and illustrates their basic application. It reflects generally accepted accounting principles (GAAP) in the United States as set out in the Financial Accounting Standards Board (FASB) Accounting Standards Codification® (ASC) through the issuance of FASB Accounting Standards Update (ASU) No. 2015-16, Business Combinations (Topic 805), which was issued in September 2015. Upon completing this course, you should be able to: Identify a business combination; apply the acquisition method of accounting; explain what aspects of the guidance apply differently to a not-for-profit entity or private company; be alert to recognition or measurement exceptions; and list other issues that may arise in accounting for business combinations.