Online Course on IFRS:
Accounting for Business Combinations
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.
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.
Understanding IFRS: Accounting for Business Combinations
enables the learner 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
Learning outcomes of IFRS: Accounting for Business Combinations
IFRS 3: Business Combinations
• What are the objectives and scope of IFRS 3?
• How is a business combination identified?
• What is the importance of ‘the acquisition method’?
• What are the rules concerning recognition of the identifiable assets acquired,
liabilities assumed and any non-controlling interests in the acquire?
• How is goodwill measured and recognised?
• How do I account for business combinations that have incomplete information
at the end of the reporting period?
• What about subsequent measurement and accounting?
IAS 27: Separate Financial Statements and IFRS 10:
Consolidated Financial Statements
• What are the objectives and scope of IAS 27?
• What is the basic rule regarding the preparation of separate financial statements?
• What are the objectives and scope of IFRS 10?
• How does IFRS 10 deal with control?
• How are power and returns linked?
• What are the accounting requirements of IFRS 10?
• How do I determine if an entity is an investment entity?
IFRS 11: Joint Arrangements and IAS 28:
Investments in Associates and Joint Ventures
• What are the objectives and scope of IFRS 11?
• How is joint control defined by IFRS 11?
• How should the financial statements be prepared when there is a
• What are the objectives and scope of IAS 28?
• What key definitions should I know about?
• What factors provide evidence of what is normally regarded as
• Can you tell me more about the equity method?
• What other accounting procedures apply to the equity method?
• How should impairment losses be dealt with?
IFRS 12: Disclosure of Interests in Other Entities
• What are the objectives and scope of IFRS 12?
• What does IFRS 12 say about significant judgements and assumptions?
• What are the disclosure requirements relating to subsidiaries?
• What are the disclosure requirements relating to joint arrangement and associates?
Target audience for IFRS: Accounting for Business Combinations
Anyone engaged either in the preparation of financial reports based on IFRS or their audit, as well as users of company accounts wishing to gain a fuller insight into the treatment of this important class of asset.
About the Author of IFRS: Accounting for Business Combinations
Dr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world.
After 7 years in the NHS in the UK, he joined the Home Office as Head of Accountancy Advice. He has worked closely with a number of Supreme Audit Institutions and has become an expert of the implementation of international accounting standards.
Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.
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