Self-Study

IFRS: Business Combinations (IFRS 3)

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 1
    CREDITS
    Accounting

The purpose of this course is to familiarize you with the concepts underlying IFRS 3,Business Combinations, and provide an understanding of how to apply those concepts in practice.

Objectives

Identify when a transaction is a business combination
Apply the acquisition method of accounting for a business acquisition
Recognize how to subsequently account for both goodwill and negative goodwill
Explain how the amount of consideration transferred is determined, including contingent consideration.
Recall how contingent liabilities and intangible assets are treated.

Highlights

Underlying concepts, scope, and scope exceptions of the standard
The definition of a business
The acquisition method
The form and measurement of consideration
Fair value
Noncontrolling interests
Goodwill

Additional Information

Designed For

Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Vendor

American Institute of CPAs

Credits

1.00 Accounting

Course Number

19AIS111

Level of Knowledge

Basic

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