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Wednesday, December 4, 2019 Iselin

Consolidations and Business Combinations (E1912483)

8:30 AM - 4:30 PM EST

Registration: 8:00 AM EST

APA Hotel Woodbridge

120 Wood Avenue South
Iselin, NJ 08830

8.0 CPE Credits in AA


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.


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




Basic knowledge of U.S. GAAP.




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.


Rebecca Lee

Rebecca M. Lee, CPA, CGMA

Kaplan Financial Education, Powered by Loscalzo

Rebecca M. Lee, CPA, CGMA Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Kaplan Financial Education, powered by Loscalzo Institute, and a founding Principal with Brooke, Freeman & Lee. 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, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs. Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a Bachelor of Science in Accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.


$379.00 - Non Member

$279.00 - Member

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