Catalogue

Description

Business restructuring (Part 1)

This course will be an overview of:

• Understanding the definition of a business and when a set of activities may be either a business or may be assets.
• When to test assets for impairment losses and how to measure and recognize an impairment loss for the different forms of assets held by an entity.
• Accounting and financial reporting for different forms of exit and disposal cost obligations and activities.

After completing this course, the learner should be able to:

• Distinguish the differences between the acquisition (or disposition) of a business versus an asset.
• Highlight the accounting and reporting requirements for impairment losses on long-lived assets, intangible assets, goodwill and investments that may be associated with a business restructuring.
• Review the accounting and reporting requirements for exit and disposal activities associated with a business restructuring.

Business restructuring (Part 2)

This course will be an overview of:

• Some of the concepts discussed in the Business Restructuring: Part 1, including a discussion of contract termination costs in an exit and disposal activity.
• The guidance for accounting and reporting a discontinued operation of an entity.
• How and when an entity shall de-consolidate a subsidiary or a variable interest entity.

After completing this course, the learner should be able to:

• Highlight the business restructuring concepts discussed in Part 1 of this course and expand the discussion of contract termination costs.
• Gain insights into the financial accounting and reporting for the presentation of discontinued operations.
• Highlight the accounting guidance for the de-consolidation of subsidiaries and variable interest entities.