About this Course

14,786 recent views

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Advanced Level

Approx. 31 hours to complete

Suggested: 6 hours/week...

English

Subtitles: English

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Advanced Level

Approx. 31 hours to complete

Suggested: 6 hours/week...

English

Subtitles: English

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
4.7
3 ReviewsChevron Right

Top reviews from Advanced Financial Reporting: Accounting for Business Combinations and Preparation of Consolidated Financial Statements

By MEFeb 9th 2020

Useful for everyone wants to advance his skills in accounting consolidation.

Instructor

Image of instructor, Michael Kustanovich, CPA

Michael Kustanovich, CPA 

Senior Lecturer of Accountancy
Accountancy
745 Learners
1 Course

Offered by

University of Illinois at Urbana-Champaign logo

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.

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.