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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: June 11, 2018

1 Review (3 ratings)Reviews

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Member's Profile
Lots of good info but more examples might help someone that hasn't gone through this process before (me)

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  6:00Introduction and Overview to Accounting for Business Combinations under IFRS 3
  3:23Identifying the Acquirer & Acquisition Date
  12:05Consideration Transferred
  7:02Consideration Transferred Continued..
  11:21Measuring Identifiable Assets and Liabilities
  6:19Goodwill Calculation
  3:37Subsequent Measurement of Assets Acquired and Liabilities Assumed
  4:12Other Relevant Matters
  2:32Non-Controlling Interest Calculation & Conclusion
CONTINUOUS PLAY
  56:31Accounting for Business Combinations under IFRS 3
SUPPORTING MATERIALS
  PDFSlides: Accounting for Business Combinations under IFRS 3
  PDFAccounting for Business Combinations under IFRS 3 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM