IFRS: Business Combinations (IFRS 3)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IFRS 3, Business Combinations, including the following:

• 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

This course includes interactive learning elements and illustrative exercises with solutions.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Objectives

Learning Outcomes

• 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.