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Date / Time / Location

Wednesday, December 4, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

APA Hotel Woodbridge120 Wood Avenue South
Iselin, NJ 08830

CPE Credits

  • 8.00 CPE Credits in AA


  • $379.00 - Non Member
  • $279.00 - Member
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 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 Combinations.

Designed For

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


  • 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 several workshop cases


  • 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

Course Level



Basic knowledge of U.S. GAAP.

Advance Preparation


Additional Notes

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.
Event Cancelled

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Rebecca Lee

Rebecca M. Lee, CPA, CGMA
Kaplan Financial Education, Powered by Loscalzo

Rebecca Lee, CPA, CGMA, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Loscalzo Associates Ltd. and a Principal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.

She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, Council of the AICPA, and is a past member of the Institute’s MAS Executive Committee and Personal Financial Planning Executive Committee. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. She currently serves on the South Carolina Association of CPAs’ Peer Review Committee and the Continuing Professional Education Committee.

Rebecca is a group practice leader for all staff level audit training programs, as well as other accounting and auditing technical courses. She is a frequent speaker at CPA conferences and has lectured extensively in the area of management advisory services at professional meetings and seminars for state societies and the American Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebecca has served as a discussion leader, technical reviewer, and author of courses for audit and accounting technical courses. She has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College in Birmingham, Alabama.

Rebecca holds a BS degree in accounting from Jacksonville State University, Jacksonville, Alabama, along with a master’s degree in accounting from Birmingham Southern College, Birmingham, Alabama. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.

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Event Cancelled

We are sorry to inform you but this event has been cancelled.