This course is a premium+ course it can be accessed either by individual purchase or through a premium+ subscription

Purchase this course | $42

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: August 25, 2023

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
6 Reviews (25 ratings)


Member's Profile
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 Author
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 Author
Great course. The professor kept you engaged throughout the videos and the questions on the exam are very clear cut in deciding the answers.

Anonymous Author
Extremely detailed materials with exceptional overview and insight provided by instructor. Course was very informative.

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

Member's Profile
This was a great course regarding business combinations!

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 .
Instructor for this course
Course Syllabus
  Introduction and Overview to Accounting for Business Combinations under IFRS 36:00
  Identifying the Acquirer & Acquisition Date3:24
  Consideration Transferred12:06
  Consideration Transferred Continued6:41
  Measuring Identifiable Assets and Liabilities11:06
  Goodwill Calculation6:20
  Subsequent Measurement of Assets Acquired and Liabilities Assumed3:38
  Other Relevant Matters4:12
  Non-Controlling Interest Calculation & Conclusion2:32
  Accounting for Business Combinations under IFRS 355:59
  Slides: Accounting for Business Combinations under IFRS 3PDF
  Accounting for Business Combinations under IFRS 3 Glossary/IndexPDF