IFRS: Accounting for Business Combinations

by Wayne Bartlett
access120 days access
cpd hours4 CPD hours

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

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.

Business combinations

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

Separate and consolidated financial statements

  • Objective and scope of IAS 27
  • Preparing separate financial statements
  • IAS 27 round-up
  • Objective and scope of IFRS 10
  • Control, power and returns
  • Principal or agent?
  • Accounting requirements
  • Investment entities
  • Standard issues
  • Consolidate your thoughts
  • IFRS 10 round-up

Joint arrangements, associates and joint ventures

  • Objective and scope of IFRS 11
  • Joint control
  • Joint operations and joint ventures
  • IFRS 11 round-up
  • Objective and scope of IAS 28
  • Significant influence
  • The equity method
  • BP's joint ventures and associates
  • Impairment
  • IAS 28 round-up

Interests in other entities

  • Objective and scope of IFRS 12
  • Significant judgements and assumptions
  • Interests in subsidiaries
  • Joint arrangements and associates
  • BP's disclosures
  • Unconsolidated structured entities
  • Consolidation and equity accounting
  • IFRS 12 round-up
  • Full disclosure

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.

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