Program Description: The objective of the course is to enable participants to comprehend the accounting for business combinations under ASC 805, with a focus on the acquisition method of accounting. This program utilizes practical examples and case studies from different industries to demonstrate the identification of the acquirer, the determination of the acquisition date, and the recognition and measurement of identifiable assets acquired and liabilities assumed. It addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 805 – Business Combinations principles in their professional roles. The course also covers in-depth topics such as the recognition and measurement of goodwill, the treatment of contingent consideration, and the presentation and disclosure requirements for business combinations in financial statements.

Course Coverage:

• Overview of ASC 805
• Identifying the Accounting acquirer and determining the acquisition date
• Recognition and measurement of assets, liabilities and goodwill
• Contingent consideration, step acquisitions and disclosure requirements

Learning Objectives:

• Recognize the principles that govern the accounting for business combinations under the acquisition method of ASC 805.
• Distinguish between transactions that are business combinations and those that are asset acquisitions and understand the criteria applicable to each.
• Apply the rules to identify the accounting acquirer, determine the acquisition date, and recognize and measure identifiable assets acquired and liabilities assumed at their acquisition-date fair values.
• Understand how to account for goodwill, including its initial recognition, and how to present the results of a business combination on the financial statements.
• Comprehend the criteria used to determine the consideration transferred in a business combination, including the treatment of contingent consideration, equity interests, and pre-existing relationships.

Passing Score: 70%

Validity of the course: 1 year from date of enrolment

Available from: August 2025

Available Discount: Group discounts of 10% available for 5 or more participation

Last Updated: August 2025

Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.

Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.

Keywords: Business Combinations, Acquisition Method, Acquirer, Acquisition Date, Goodwill, Identifiable Assets, Liabilities Assumed, Contingent Consideration, Fair Value, Step Acquisitions, Noncontrolling Interests, Bargain purchase gain, Disclosure Requirements, Financial Statement Presentation, US GAAP, Accounting, Online Learning, CPA, CPE, Certification.

Special Notice:

• Ernst & Young Associates LLP-India is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
• CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.
• Each Participant has the flexibility to take unlimited attempts to clear the assessment.
• Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.

Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com. For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com

Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.