About this Course

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Advanced Level
Approx. 24 hours to complete
English
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Advanced Level
Approx. 24 hours to complete
English

Offered by

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University of Illinois at Urbana-Champaign

Start 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

Week
1

Week 1

1 hour to complete

Course Orientation

1 hour to complete
2 videos (Total 4 min), 3 readings, 1 quiz
2 videos
Meet Professor Kustanovich2m
3 readings
Syllabus10m
About the Discussion Forums5m
Updating Your Profile5m
1 practice exercise
Orientation Quiz10m
3 hours to complete

Module 1: Control of a Business

3 hours to complete
5 videos (Total 30 min), 1 reading, 5 quizzes
5 videos
Overview of Accounting for Investment in Equity Securities – Part 27m
Control4m
Scope of ASC 805 – "Business Combinations"3m
Acquisition of a Group of Assets6m
1 reading
Module 1 Overview and Resources10m
5 practice exercises
Lesson 1-1 Knowledge Check30m
Lesson 1-2 Knowledge Check30m
Lesson 1-3 Knowledge Check30m
Lesson 1-4 Knowledge Check30m
Module 1 Quiz
Week
2

Week 2

2 hours to complete

Module 2: Acquisition Method

2 hours to complete
4 videos (Total 30 min), 1 reading, 4 quizzes
4 videos
Goodwill Equation8m
Consolidated Financial Statements on the Business Combination Date – Part 111m
Consolidated Financial Statements on the Business Combination Date – Part 26m
1 reading
Module 2 Overview and Resources10m
4 practice exercises
Lesson 2-1 Knowledge Check30m
Lesson 2-2 Knowledge Check30m
Lesson 2-3 Knowledge Check30m
Module 2 Quiz
Week
3

Week 3

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
4 videos
Express Scripts and Medco Merger10m
Contingent Consideration – Part 17m
Contingent Consideration – Part 213m
1 reading
Module 3 Overview and Resources10m
3 practice exercises
Lesson 3-1 Knowledge Check30m
Lesson 3-3 Knowledge Check30m
Module 3 Quiz
Week
4

Week 4

3 hours to complete

Module 4: Assets Acquired and Liabilities Assumed

3 hours to complete
5 videos (Total 35 min), 1 reading, 5 quizzes
5 videos
Intangible Assets Other Than Goodwill5m
Defensive Asset and In-Process Research and Development (IPR&D)6m
Deferred Taxes on the Acquisition Date – Part 19m
Deferred Taxes on the Acquisition Date – Part 26m
1 reading
Module 4 Overview and Resources10m
5 practice exercises
Lesson 4-1 Knowledge Check30m
Lesson 4-2 Knowledge Check30m
Lesson 4-3 Knowledge Check30m
Lesson 4-4 Knowledge Check30m
Module 4 Quiz

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