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.
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You can earn credits from the University of Illinois at Urbana-Champaign that count towards a Master of Science in Accountancy (iMSA)

Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements
University of Illinois at Urbana-ChampaignAbout this Course
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Shareable Certificate
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100% online
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Advanced Level
Approx. 25 hours to complete
English
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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 degree
This Course is part of an online degree program offered by the University of Illinois at Urbana-Champaign. When you apply for a for-credit non-degree course through the university and complete it online, it counts as credit hours towards a degree at Illinois. All you have to do is apply through the university.
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 AMSep 6, 2020
I have learning the how to make the financial statements
by ASJul 1, 2022
Brilliant topics and explanations. really insightful to me and will recommend it to my colleagues.
With regards,
Ali
by CSDec 31, 2021
The professor is a total success, well explained and subjects are easy to develop because of his way with students. Thank you!!
by AAAug 31, 2020
Good to equip yourself with, and very informative on business mergers.
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