Business Combinations: How to Clarify the Definition of a Business (MLA219B)


  Live Webinar
  100 minutes
  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!

Session Highlights

Attend this program to learn:

NASBA Category of Study: Accounting

Level: Basic

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.

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*Single User Price. For multiple users please call 1-800-223-8720
Presenter

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... More info

 


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