Business Combinations and Consolidated Financial reporting - 7 C
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Business Combinations and Consolidated Financial reporting - 7 C

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In December 2007,   when the FASB, after many years of deliberation, simultaneously issued two   new standards reflected in the Codification as ASC 805, Business Combinations, and ASC 810, Consolidation. These statements, which require prospective   treatment for new business combinations having fiscal years beginning after   December 15, 2008, mandate what is referred to as the acquisition method. Moreover, the purchase method of accounting   will no longer be permitted for acquisitions closed after the effective date   of the new rules.

     This course emphasizes both the theory and practice relating the new standards (i.e., the acquisition method). However, since preexisting accounting methods (e.g., poolings of interest and purchase methods) will continue to be used for transactions closed before the effective dates of ASC 805 and ASC 810, a comparison of old and new rules prepare practitioners for dealing with the variety of practices they will encounter at their clients or employers. It also addresses the preparation of consolidated financial statements, the appropriate treatment of the costs affection a combination, and other related issues.

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Pay $139 and get all the CPE you need.
Very easy course. You'd have to be a zombie to not pass.
On one hand, it is a primer as promised. On the other, it sure does get into quite a bit of tedious detail on activity-based costing (ABC) and other cost accounting methods. Very much geared for the much-smaller manufacturing accountants but I guess it is nice for all of us to get a periodic flavor for something we don't have any need for.
I can also confirm that my course quiz had 15 questions (the correct scale per credit hour). Easy, breezy, and covers the basics of retirement planning. If you have some personal experience with assets, you'll find this course easy.

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