Financial Reporting: Group Accounting & Consolidations
Discover advanced techniques for accounting business mergers, acquisitions, and preparing consolidated financial statements under modern reporting standards.
Discover advanced techniques for accounting business mergers, acquisitions, and preparing consolidated financial statements under modern reporting standards.
Explore advanced financial reporting topics focusing on business combinations (ASC 805) and consolidated financial statements (ASC 810). Learn to account for acquisitions, prepare consolidated statements, and handle complex issues like goodwill impairment and segment reporting. Ideal for accounting professionals seeking to enhance their expertise in corporate financial reporting.
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What you'll learn
Master the acquisition method for accounting for business combinations
Understand the preparation of consolidated financial statements post-acquisition
Learn to account for intercompany transactions and noncontrolling interests
Explore changes in ownership percentages and their accounting implications
Gain proficiency in segment reporting requirements for public companies
Understand the goodwill impairment test process and its alternatives
Skills you'll gain
This course includes:
4.3 Hours PreRecorded video
43 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
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There are 9 modules in this course
This advanced course covers the intricacies of accounting for business combinations and the preparation of consolidated financial statements. It delves into topics such as the acquisition method, goodwill calculation, intercompany transactions, and noncontrolling interests. The curriculum also explores changes in ownership percentages, segment reporting, and goodwill impairment testing. Through video lectures, quizzes, and practical examples, students will gain a comprehensive understanding of these complex accounting areas, preparing them for advanced roles in financial reporting and analysis.
Course Orientation
Module 1 · 54 Minutes to complete
Module 1: Control of a Business
Module 2 · 2 Hours to complete
Module 2: Acquisition Method
Module 3 · 2 Hours to complete
Module 3: Components of Consideration Transferred in a Business Combination
Module 4 · 1 Hours to complete
Module 4: Assets Acquired and Liabilities Assumed
Module 5 · 2 Hours to complete
Module 5: Preparation of Consolidated Financial Statements After the Acquisition Date
Module 6 · 2 Hours to complete
Module 6: Intercompany Transactions and Noncontrolling Interest
Module 7 · 3 Hours to complete
Module 7: Change in the Percentage of Ownership and Other Related Topics
Module 8 · 2 Hours to complete
Module 8: Segment Reporting and Goodwill Impairment Test
Module 9 · 4 Hours to complete
Fee Structure
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Instructor
Clinical Assistant Professor of Accountancy
Michael Kustanovich is a Clinical Assistant Professor of Accountancy at the University of Illinois Urbana-Champaign, where he has been instrumental in shaping the curriculum and educating future accountants since 2014. He holds both a Master’s and a Bachelor’s degree in Economics and Accounting from Ben-Gurion University in Israel. Kustanovich's professional background includes experience as an auditor with PwC and KPMG, as well as roles in academia, where he has taught at various institutions including the University of Florida and Achva College. He is a prolific author, having contributed to multiple editions of CPA review books focused on financial accounting and reporting, which are widely used by students preparing for the CPA exam. Recognized for his excellence in teaching, he has received several awards including the Anita Feller Memorial Award for Excellence in Accountancy Education and the Dean's Impact Award from the Gies College of Business. His current courses include Advanced Financial Reporting and Accounting Theory and Practice, where he emphasizes the application of current authoritative accounting standards to real-world scenarios.
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4.7 course rating
191 ratings
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