IFRS: Accounting for Business Combinations

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This course looks at the various implications of accounting for such issues which are covered by a number of IFRS Standards such as business combinations, separate financial statements and disclosures of interests in other entities.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

IFRS: Accounting for Business Combinations

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

IFRS: Accounting for Business Combinations

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Understand the objectives and scope of IFRS 3, 10, 11 and 12 as well as IAS 27 and 28
  • Know the basic rules regarding separate and consolidated financial statements
  • Understand how a business combination is identified
  • Identify how joint control is defined

About the course

A business combination is a momentous moment within your organisation and understanding the accounting and reporting implications is vital. As well as business combinations there are other significant moments, too, for example when one entity unites with another on a short-term or one-off basis in a joint venture; these are all situations in which the impact on the accounting and reporting will be significant and a thorough understanding is important.

Now updated throughout and with additional cases studies and scenarios, this course looks at the various implications of accounting for such issues which are covered by a number of IFRS Standards such as business combinations, separate financial statements and disclosures of interests in other entities.

Contents

Business combinations

The importance of business combinations
Objective and scope of IFRS 3
Identifying business combinations
The acquisition method
Identifiable assets, liabilities and non-controlling interests
Goodwill
Problems with valuation
Business combinations with incomplete information
Subsequent measurement and accounting, and disclosures

Separate and consolidated financial statements

Separate or consolidated?
Objective and scope of IAS 27
Preparing separate financial statements
Objective and scope of IFRS 10
Control, power and returns
Principal or agent?
IFRS 10: harder in practice than in theory
Accounting requirements
Investment entities
Standard issues

Joint arrangements, associates and joint ventures

Different types of joint arrangement
Objective and scope of IFRS 11
Joint control
Joint operations and joint ventures
Objective and scope of IAS 28
Definitions and key terms
Significant influence
The equity method
More on the equity method
Impairment

Interests in other entities

Disclosing interest
Objective and scope of IFRS 12
Significant judgements and assumptions
Interests in subsidiaries
Joint arrangements and associates
Unconsolidated structured entities
Consolidation and equity accounting

How it works

Author

Wayne Bartlett

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.