Accounting for Business Combinations

• Identify the definition of a business as it relates to a business combination transaction
• List the steps involved in the acquisition method
• Identify the acquisition date for a business combination
• Recognize principles and exceptions in the measurement of assets and liabilities of a business combination
• Differentiate between the various categories of intangible assets
• Recognize how to measure goodwill and gains from bargain purchases
• Identify the measurement period for business combinations
• Recognize financial statement disclosures related to business combinations
• Identify the relief afforded to private entities with respect to accounting for business combinations
• Differentiate between measurement principles of business combinations and asset acquisitions