Consolidations and Business Combinations


Consolidation accounting has changed significantly during recent years due to the
introduction of the concept of variable interest entities (FIN 46). Today, consolidation
can occur based on control other than majority ownership as well as one company
having majority ownership of another, creating additional complexity for consolidation
accounting and disclosures. Since 2009, FASB has issued nine ASUs in an attempt
to clarify the accounting for consolidations. This program addresses consolidation
requirements based on the FASB guidance in Topic 810, Consolidation.
In addition, the accounting for a business combination has also changed due to the
issuance of FASB 141, Business Combinations, which changed the accounting for an
acquisition from purchase accounting to acquisition accounting. This program will
address acquisition accounting based on the FASB guidance in Topic 805, Business


  • Consolidation Framework (ASC 810)
  • Variable Interest Entities
  • Voting Interest Entities
  • Consolidation Application Cases
  • Disclosure Requirements
  • Business Combination Framework (ASC 805)
  • Business Combination Recognition Model
  • Business Combination Application Cases
  • Disclosure Requirements


  • Participants will be able to:
  • Describe the U.S. GAAP guidance for consolidations and business combinations
  • Distinguish between consolidation based on majority ownership and consolidation based on control (VIE accounting)
  • Apply accounting guidance to issues such as primary beneficiaries, variable interests, non-controlling interests, step acquisitions, goodwill, and fair value
  • Apply consolidation and business combination guidance through a number of workshop cases

Designed For

CPAs, accountants, and financial professionals in industry and public practice.


Rebecca Lee

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