Timely and technically accurate tax accounting is indispensable to a successful business combination. The business combination rules under ASC 805-740 are very complex and can be difficult to understand and apply in the midst of closing a deal.

This course provides a basic roadmap to understand and account for the fundamental tax effects of business combinations. Taught in a series of steps and case studies, this course will provide instruction on how to identify and measure the following, based on the acquisition type (taxable versus nontaxable):

• Deferred taxes for assets acquired/liabilities assumed;


• Tax attributes;


• Valuation allowance;


• Goodwill; and


• Adjustments during/after measurement period

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222