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Business combinations occur when an acquirer obtains control of another business. Business combinations under International Financial Reporting Standards (IFRS) are accounted for under the acquisition method, with limited exceptions. This course explores a step-by-step method for properly accounting for business combinations, which includes calculating goodwill or a bargain purchase gain per IFRS 3.
Learning Objectives
- Explore how to identify the acquirer in a business combination.
- Discover how to properly determine the acquisition date, which will become the measurement date for the business combination.
- Recognize how to determine the consideration transferred, including contingent consideration.
- Explore how to value the identifiable assets acquired and liabilities assumed.
- Discover how to calculate goodwill or the bargain purchase gain.
Last updated/reviewed: November 11, 2019
5 Reviews (14 ratings)Reviews
Richard Jones
(Accounting Manager: Statutory Reporting at World Fuel Services)
This course does a great job of covering the basics of business combination accounting under IFRS compared to US GAAP. There are a lot of similarities between the two standards, but it is good to learn the standard through the different frameworks.
Anonymous
(Controller)
I liked the pace of the course. There are a lot of different circumstances that are seen in business combinations and this did a good job covering the concepts and how to apply them
Anonymous
(Sr. Accountant)
Extremely detailed materials with exceptional overview and insight provided by instructor. Course was very informative.
Craig Scanlon
(Owner at BST)
Lots of good info but more examples might help someone that hasn't gone through this process before (me)
Alexandra Demidova
(Technical Accounting Manager at Flexport)
This was a great course regarding business combinations!
Prerequisites
Course Complexity: Advanced
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .