This course covers the accounting for business combinations (ASC 805), the preparation of consolidated financial statements (ASC 810), and other related topics including, but not limited to: step-by-step acquisition, deconsolidation, segments reporting, and the goodwill impairment test. This course begins with a discussion of the scope of ASC 805 and the differences between business combinations and asset acquisitions. Next, the course explores the measurement and recognition principles of the acquisition method to account for business combinations. Then, the course covers the consolidation process. You will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments.

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements
University of Illinois at Urbana-ChampaignAbout this Course
15,485 recent views
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Advanced Level
Approx. 25 hours to complete
English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessFlexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Advanced Level
Approx. 25 hours to complete
English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessStart working towards your Master's degree
This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
Syllabus - What you will learn from this course
1 hour to complete
Course Orientation
1 hour to complete
3 videos (Total 5 min), 4 readings, 1 quiz
3 hours to complete
Module 1: Control of a Business
3 hours to complete
5 videos (Total 30 min), 1 reading, 5 quizzes
2 hours to complete
Module 2: Acquisition Method
2 hours to complete
4 videos (Total 30 min), 1 reading, 4 quizzes
2 hours to complete
Module 3: Components of Consideration Transferred in a Business Combination
2 hours to complete
4 videos (Total 36 min), 1 reading, 3 quizzes
3 hours to complete
Module 4: Assets Acquired and Liabilities Assumed
3 hours to complete
5 videos (Total 35 min), 1 reading, 5 quizzes
Reviews
- 5 stars79.48%
- 4 stars16.02%
- 3 stars1.28%
- 2 stars0.64%
- 1 star2.56%
TOP REVIEWS FROM ADVANCED FINANCIAL REPORTING: ACCOUNTING FOR BUSINESS COMBINATIONS AND PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
by CHMar 17, 2021
A well-structured and delivered course. The only peeve I had was the writing in some of the lecture videos. It was difficult to understand at times.
by SANov 28, 2020
Thank you for everything. I will utilize the knowledge that I get from this course.
by TPOct 31, 2020
It was too good. Full of financial knowledge and full of extras. Worth full..
by MEFeb 8, 2020
Useful for everyone wants to advance his skills in accounting consolidation.
Frequently Asked Questions
When will I have access to the lectures and assignments?
What will I get if I purchase the Certificate?
Is financial aid available?
More questions? Visit the Learner Help Center.