1:00 pm ET | 12:00 pm CT | 11:00 am MT | 10:00 am PT
Update Your M&A Accounting to Meet New Standards
With complicated mergers and acquisitions (M&A) activity in high gear, many businesses and financial professionals are falling behind on proper accounting standards for these two similar but distinct transactions. Now, new guidance from the Financial Accounting Standards Board (FASB) clarifies the definition of a “business”—and it’s critical to nail down the concept.
Join auditor Samuel Monastra to gain a full understanding of how to implement new M&A accounting standards: Accounting Standards Update No. 2017-01 (ASU 2017-01)—specifically Topic 805. In this webinar, Monastra outlines the recent FASB guidance, which took effect in late 2018, and the framework you must use to determine when a set of assets and activities is a “business.” He’ll also explain in detail how to evaluate whether a transaction should be accounted for as an acquisition (or disposal) of assets or a business.
After attending this in-depth session, you will understand the three elements of a business, how to handle intangible assets, and how to evaluate business classifications—especially for early-stage and biotech companies. This course is your ticket to dispelling classification confusion!
Attend this program to learn:
The 3 elements of a business—inputs, processes, and outputs—under Topic 805.
How to classify a business when an integrated set of assets/activities has inputs and substantive processes but no outputs.
How FASB provisions compare with International Financial Reporting Standards.
How to apply the new guidance to early-stage and biotech companies and when considering intangible assets.
NASBA Category of Study: Accounting
Who Should Attend
This program is designed for CFOs, controllers, financial reporting professionals, and those responsible for accounting for the acquisition and disposals of a business.
Samuel A. Monastra, CPA has more than 20 years of experience in public accounting. He is a recognized expert in financial reporting with a particular emphasis on Revenue Recognition, IASB/ FASB Convergence, IFRS, Business Combinations, Asset Impairments, and Financial Statement Disclosures. Samuel h...