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CPA Exam: Consolidations & Business Combinations, In a Snap!
Rating: 4.6 out of 5(131 ratings)
556 students

CPA Exam: Consolidations & Business Combinations, In a Snap!

CPA Exam (FAR): Consolidations & Business Combinations, In a Snap!
Created bySnap! CPA
Last updated 1/2020
English

What you'll learn

  • MASTER Consolidations & Business Combinations on the FAR portion of the CPA Exam
  • Review real CPA exam questions issued by the AICPA, the makers of the CPA exam
  • Understand the theory and concepts behind the rules for consolidations and business combinations
  • Consolidate financials of a parent and a subsidiary using an easy-to-follow method
  • Calculate and record the acquisition entry for a business combination
  • Record eliminating journal entries for intercompany transactions
  • Account for goodwill and goodwill impairment under U.S. GAAP and IFRS
  • Calculate and record the entries for a parent's change in ownership in the subsidiary

Course content

16 sections17 lectures2h 31m total length
  • Consolidations & Business Combinations: Basic Concepts8:16

Requirements

  • Introduction to Accounting

Description

In this course, all of the pertinent entries and calculations for Consolidations and Business Combinations will be covered.

The AICPA wants you to know certain rules and points related to Consolidations and Business Combinations, such as Intercompany Eliminations, Consolidating Financial Statements and Acquisition Journal Entries.  All of these will be broken down into easy-to-follow steps. 

If you're looking for clarity on Consolidations and Business Combinations for FAR, this is where it's at!

Who this course is for:

  • CPA Exam Candidates for FAR (Financial Accounting & Reporting)
  • Advanced Accounting Students