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
Last updated/reviewed: August 26, 2023
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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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  IFRS 3 Business Combinations-The Basics5:35
  Objectives and Application2:51
  Definations9:59
  Overview1:18
  Combination2:27
  Inputs/Outputs4:32
  Structures of A Combination1:10
  Acquisition Method3:52
  Recognition0:49
  Classifying2:49
  Measurement1:52
  Exceptions7:00
  Goodwill2:15
  Bargain Purchases3:21
  Subsequent5:33
  Disclosures2:09
  Contingent Future Events5:05
Continuous Play
  IFRS 3 Business Combinations1:02:27
Supporting Materials
  Slides: IFRS 3 Business CombinationsPDF
  IFRS 3 Business Combinations Glossary/IndexPDF
Review And Test
  REVIEW QUESTIONSquiz
 FINAL EXAMexam