Accounting for Mergers and Acquisitions: Advanced Topics

University of Illinois Urbana-Champaign via Coursera

Go to Course: https://www.coursera.org/learn/accounting-for-ma-2

Introduction

Account for and interpret economic events and transactions related to special types of divestitures including spinoffs and equity carveouts.

Account for and interpret economic events and transactions related to corporate reorganizations such as leveraged buyouts and recapitalizations.

Account for and interpret economic events and transactions related to tax issues in inter-corporate investments.

Account for and interpret economic events and transactions related t financial statements analysis with inter-corporate investments.

Syllabus

Course Orientation

Special Types of Divestitures

Acquirer firms may divest their investments in other firms in some exotic ways. In this module, you will explore two notable special divestitures: spinoffs and equity carveouts.

Corporate Reorganizations

Acquirer firms may obtain the control of target firms in some exotic ways. In this module, you will explore two notable corporate reorganizations: leveraged buyouts (LBOs) and recapitalizations (RECAPs).

Tax Considerations in Inter-Corporate Investments

Inter-corporate investments can result in special tax issues for target shareholders and target firms. In this module, you will explore taxable versus tax-free transactions, step-ups versus carryovers, deferred taxes, and miscellaneous acquisition-related tax issues including loss trafficking and goodwill taxation.

Financial Statement Analysis (FSA) with Inter-Corporate Investments

Financial statement analysis (FSA) builds models to evaluate past position and predict future performance of a firm using financial statements. In this module, you will explore FSA in the presence of inter-corporate investments and calculation of organic versus acquired growth.