IFRS Accounting For Business Combinations

• Differentiate between the different levels of investment and identify the appropriate accounting treatment
• Perform a purchase price allocation exercise and calculate goodwill by applying the rules in IFRS 3 Business Combinations
• Evaluate the impact of contingent consideration and implement the special recognition and measurement rules for contingent liabilities
• Demonstrate an understanding of IAS 36 by performing an impairment test on goodwill
• Perform equity accounting for an associate or joint venture by applying IAS 28
• Identify the two forms of joint arrangement and apply the appropriate accounting methods

CONTENT

• Acquisition accounting – IFRS 3
  • Definition of a business and a business combination
  • Scope exemptions
  • Identifying the acquirer
  • Determining the acquisition date and consideration transferred
  • Recognizing and measuring identifiable assets acquired, liabilities assumed, and non-controlling interests
    • Recognition principle
    • Measurement principle
    • Exceptions to the recognition and measurement principles
  • Recognizing and measuring goodwill or a gain from a bargain purchase
    • Bargain purchases
    • Consideration transferred
    • Contingent consideration
    • Testing goodwill for impairment
  • Business combinations achieved in stages
  • Business combinations achieved without the transfer of consideration
  • Provisional fair values and measurement period adjustments
  • Subsequent measurement and accounting
    • Reacquired rights
    • Contingent liabilities
    • Indemnification assets
    • Contingent consideration
  • Disclosures
• Consolidated financial statements – IFRS 10
  • Determining control
  • Accounting for changes in ownership interests
  • Disclosure of interests in other entities – IFRS 12
• Joint arrangements – IFRS 11
  • Joint control
  • Accounting for joint operations
  • Accounting for joint ventures
• Investments in associates and joint ventures – IAS 28
  • Acquisition and loss of significant influence
  • Applying the equity method
  • Impairment testing – IAS 36

FOR WHOM:

Accountants, Controllers, Managers of Fixed Assets, Divisional and Plant Managers and all Executives involved in Fixed Asset Accounting and Administration.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

DATE:

1ST BATCH:       2nd – 5th June, 2020        

2ND BATCH:      10th – 13th November, 2020