With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 - Business Combinations. They are expected to know the rules for integrating the acquired company's assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered by this standard, include all of the required disclosures, and meet all financial statement presentation requirements.
If you would like to be up to date on how to account for business combinations in IFRS, this session will provide with what you need to know to confidently apply this standard.
This session will provide you with easy-to-follow guidelines that will ensure that you can comply with this standard.
Course Key Concepts: IFRS, IFRS 3, business combinations, merger and acquisition
Learning Objectives
- `````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Explore the concepts and rules for mergers and acquisitions
- Explore business combination accounting criteria
- Identify the recognition and measurement in its financial statements of the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the “acquire”
- Identify the recognition and measurement of goodwill acquired in the business combination
- Discover what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination.
- Recognize assets acquired and liabilities assumed at their acquisition-date fair values
- Identify the exceptions to recognition and measurement principles
- Discover how IFRS provides accounting requirements for reacquired rights, contingent liabilities, contingent consideration and indemnification assets
- Explore disclosure requirements
- Recognize financial statement presentation
Prerequisites
No advanced preparation or prerequisites are required for this course.