IFRS: Accounting for Business Combinations
This course looks at the various implications of accounting for such issues which are covered by a number of IFRS Standards such as business combinations, separate financial statements and disclosures of interests in other entities.
£150 +VAT
IFRS: Accounting for Business Combinations
£150 +VAT
365 days’ access
IFRS: Accounting for Business Combinations
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Understand the objectives and scope of IFRS 3, 10, 11 and 12 as well as IAS 27 and 28
- Know the basic rules regarding separate and consolidated financial statements
- Understand how a business combination is identified
- Identify how joint control is defined
About the course
A business combination is a momentous moment within your organisation and understanding the accounting and reporting implications is vital. As well as business combinations there are other significant moments, too, for example when one entity unites with another on a short-term or one-off basis in a joint venture; these are all situations in which the impact on the accounting and reporting will be significant and a thorough understanding is important.
Now updated throughout and with additional cases studies and scenarios, this course looks at the various implications of accounting for such issues which are covered by a number of IFRS Standards such as business combinations, separate financial statements and disclosures of interests in other entities.
Contents
Business combinations
The importance of business combinations
Objective and scope of IFRS 3
Identifying business combinations
The acquisition method
Identifiable assets, liabilities and non-controlling interests
Goodwill
Problems with valuation
Business combinations with incomplete information
Subsequent measurement and accounting, and disclosures
Separate and consolidated financial statements
Separate or consolidated?
Objective and scope of IAS 27
Preparing separate financial statements
Objective and scope of IFRS 10
Control, power and returns
Principal or agent?
IFRS 10: harder in practice than in theory
Accounting requirements
Investment entities
Standard issues
Joint arrangements, associates and joint ventures
Different types of joint arrangement
Objective and scope of IFRS 11
Joint control
Joint operations and joint ventures
Objective and scope of IAS 28
Definitions and key terms
Significant influence
The equity method
More on the equity method
Impairment
Interests in other entities
Disclosing interest
Objective and scope of IFRS 12
Significant judgements and assumptions
Interests in subsidiaries
Joint arrangements and associates
Unconsolidated structured entities
Consolidation and equity accounting
Author
Wayne Bartlett
Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.
19 reviews for IFRS: Accounting for Business Combinations
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Rishi Sharma –
A relevant course!
Jose Julio Pisharello –
waynes video contributions were excellent…more (interactive) exercises would make it even better
Koon Keaw Ho –
explain clearly about the complexity of bus.combination in practice
Amy Snell –
More video / interactive elements would be better than lots of written notes
Renata Markella-Thayne –
Informative
Christine Dove –
A very useful guide to the requirements.
Izak Minnaar –
Concise course to learn more or recap business combinations.
Niamh Young –
Use of examples and case studies very effective and allows for further review
Michael Doherty –
I was hoping for some practical examples of how to account for business combinations. This course seems to just explain the standards
Danambal Govinden-Valoo –
Sally Townsend –
Gave me a refresher on business consolidations
Alex Raddon-Greenaway –
It brought together all the standards related to the subject.
Yap Wai Wing –
David Matthews –
Clear and concise explanations of tricky concepts.
Niamh Merrigan –
Sylwia Wyborska –
This course made a summary of the Standards, what is valuable from my point of view.
Michelle Allen –
clear concise and a great refresher just what I require as we start acquiring companies where I work
Paul Harmer –
Richard Joughin –
Provided a good refresher on the standards and their application