IFRS: Accounting for Business Combinations

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

About the course

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.