UIUC - Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements
5.0 /5- Offered byCoursera
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements at Coursera Overview
Duration | 24 hours |
Start from | Start Now |
Total fee | Free |
Mode of learning | Online |
Official Website | Explore Free Course  |
Credential | Certificate |
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements at Coursera Highlights
- Shareable Certificate Earn a Certificate upon completion
- 100% online Start instantly and learn at your own schedule.
- Flexible deadlines Reset deadlines in accordance to your schedule.
- Advanced Level
- Approx. 24 hours to complete
- English Subtitles: French, Portuguese (European), Russian, English, Spanish
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements at Coursera Course details
- This course covers the accounting for business combinations (ASC 805), the preparation of consolidated financial statements (ASC 810), and other related topics including, but not limited to: step-by-step acquisition, deconsolidation, segments reporting, and the goodwill impairment test. This course begins with a discussion of the scope of ASC 805 and the differences between business combinations and asset acquisitions. Next, the course explores the measurement and recognition principles of the acquisition method to account for business combinations. Then, the course covers the consolidation process. You will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments.
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements at Coursera Curriculum
Course Orientation
Course Overview
Meet Professor Kustanovich
Syllabus
About the Discussion Forums
Updating Your Profile
Orientation Quiz
Overview of Accounting for Investment in Equity Securities ? Part 1
Overview of Accounting for Investment in Equity Securities ? Part 2
Control
Scope of ASC 805 ? "Business Combinations"
Acquisition of a Group of Assets
Module 1 Overview and Resources
Lesson 1-1 Knowledge Check
Lesson 1-2 Knowledge Check
Lesson 1-3 Knowledge Check
Lesson 1-4 Knowledge Check
Module 1 Quiz
Module 2: Acquisition Method
Overview of the Acquisition Method
Goodwill Equation
Consolidated Financial Statements on the Business Combination Date ? Part 1
Consolidated Financial Statements on the Business Combination Date ? Part 2
Module 2 Overview and Resources
Lesson 2-1 Knowledge Check
Lesson 2-2 Knowledge Check
Lesson 2-3 Knowledge Check
Module 2 Quiz
Module 3: Components of Consideration Transferred in a Business Combination
Share-Based Payment Awards
Express Scripts and Medco Merger
Contingent Consideration ? Part 1
Contingent Consideration ? Part 2
Module 3 Overview and Resources
Lesson 3-1 Knowledge Check
Lesson 3-3 Knowledge Check
Module 3 Quiz
Module 4: Assets Acquired and Liabilities Assumed
Identifiable Assets Acquired
Intangible Assets Other Than Goodwill
Defensive Asset and In-Process Research and Development (IPR&D)
Deferred Taxes on the Acquisition Date ? Part 1
Deferred Taxes on the Acquisition Date ? Part 2
Module 4 Overview and Resources
Lesson 4-1 Knowledge Check
Lesson 4-2 Knowledge Check
Lesson 4-3 Knowledge Check
Lesson 4-4 Knowledge Check
Module 4 Quiz
Module 5: Preparation of Consolidated Financial Statements after the Acquisition Date
Accounting Acquisition Premium (AAP)
The Effect of AAP on Consolidated Financial Statements
Consolidated Financial Statements with AAP ? Part 1
Consolidated Financial Statements with AAP ? Part 2
Intercompany Inventory Transactions
Module 5 Overview and Resources
Lesson 5-1 Knowledge Check
Lesson 5-2 Knowledge Check
Lesson 5-3 Knowledge Check
Lesson 5-4 Knowledge Check
Module 5 Quiz
Module 6: Intercompany Transactions and Noncontrolling Interest
Intercompany Transactions with Depreciable Assets
Intercompany Debt
Noncontrolling Interest (NCI)
Net Income Attributable to NCI
Consolidated Retained Earnings and Subsequent Measurement of NCI
Example of Consolidation with NCI
Module 6 Overview and Resources
Lesson 6-1 Knowledge Check
Lesson 6-2 Knowledge Check
Lesson 6-3 Knowledge Check
Lesson 6-4 Knowledge Check
Lesson 6-5 Knowledge Check
Lesson 6-6 Knowledge Check
Module 6 Quiz
Module 7: Change in the Percentage of Ownership and Other Related Topics
Business Combination Achieved in Stages ? Part 1
Business Combination Achieved in Stages ? Part 2
Deconsolidation
Change in the Percentage of Ownership without Loss of Control
Subsidiary Holds Shares of the Parent
Module 7 Overview and Resources
Lesson 7-1 Knowledge Check
Lesson 7-2 Knowledge Check
Lesson 7-3 Knowledge Check
Lesson 7-4 Knowledge Check
Module 7 Quiz
Module 8: Segment Reporting and Goodwill Impairment Test
Segment Reporting
Entity-Wide Disclosure
Goodwill Impairment Test ? Identification of the Reporting Units
Goodwill Impairment Test ? Qualitative Assessment
One-Step Quantitative Goodwill Impairment Test
Goodwill Impairment Test Under IFRS
Private Companies Accounting for Goodwill
Gies Online Programs
Module 8 Overview and Resources
Congratulations!
Lesson 8-1 Knowledge Check
Lesson 8-2 Knowledge Check
Lesson 8-3 Knowledge Check
Lesson 8-4 Knowledge Check
Lesson 8-5 Knowledge Check
Lesson 8-6 Knowledge Check
Lesson 8-7 Knowledge Check
Module 8 Quiz
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements at Coursera Admission Process
Important Dates
Other courses offered by Coursera
Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements at Coursera Students Ratings & Reviews
1 Rating- 4-51
Student Forum
Anything you would want to ask experts?
FinanceAccountingCorporate FinanceAdvanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements