Advanced Financial Accounting: Acquisitions & Consolidations

Acquisitions, Consolidations, and Reporting. Master complex concepts and applications

Created by: Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI

What Will I Learn?

• Evaluate financial and operational implications of acquisitions, recognizing goodwill and intangible assets.
• Analyze consolidation techniques for parent-subsidiary financial statements, eliminating intercompany transactions.
• Compare accounting for less than wholly owned subsidiaries, using equity method and proportionate consolidation.
• Assess impact of acquiring subsidiaries above book value, calculating goodwill and non-controlling interest.
• Apply accounting principles for intercompany inventory transfers, eliminating unrealized profits/losses.
• Evaluate consolidation process for noncurrent assets and services, eliminating intercompany gains/losses.
• Analyze accounting treatment for intercompany indebtedness, eliminating loans and interest income/expense.
• Evaluate reporting issues in consolidation, including foreign currency transactions and translation.
• Apply principles for interim and segment reporting, recognizing segment information and related-party transactions.
• Analyze SEC requirements for financial reporting and disclosure, filing periodic reports and applying GAAP.

Requirements

• Solid understanding of basic accounting principles and financial statement analysis
• Familiarity with intermediate accounting concepts

Target audience

• Accounting professionals seeking to enhance their knowledge and skills in advanced financial accounting.
• Finance professionals involved in consolidation and financial reporting processes.
• Students pursuing degrees in accounting, finance, or related fields.
• Business owners and managers interested in understanding complex accounting concepts.
• Individuals preparing for professional certifications such as the CPA exam.