IFRS Business Combinations (M&A) and Consolidations

Learn the detailed accounting requirements for business combinations, associates and joint ventures This three-day, highly interactive workshop focuses on providing a detailed coverage of the presentation, recognition and measurement requirements relating to business combinations as set out in IFRS 3 Business Combinations. The workshop also covers the requirements of IAS 27 Consolidated and Separate Financial Statements, IAS 28 Investments in Associates, IAS 31 Interests in Joint Ventures and, in relation to overseas entities, IAS 21 The Effects of Changes in Foreign Exchange Rates. Our experienced instructors make extensive use of practical case studies to help embed the key learning points.

The workshop will also provide an overview of recent developments in these areas.

How You Will Benefit

• Identify the different accounting treatments for different levels of investment
• Understand the recognition and measurement requirements for assets acquired, liabilities assumed and for any non-controlling interest
• Understand and apply the IFRS 3 requirements for calculating goodwill
• Learn how to carry out an impairment review of goodwill
• Account for overseas operations in the consolidated financial statements
• Apply the equity accounting requirements for associates
• Appreciate the different types of joint venture and their respective accounting treatments
• Identify the appropriate accounting treatment for special purpose entities

What You Will Cover

• Consolidation procedures, accounting for loss of control and disclosure requirements—IAS 27
• The treatment of special purpose entities—SIC 12
• The acquisition method of accounting for business combinations—IFRS 3
• The recognition and measurement requirements for goodwill or gain from a bargain purchase, including impairment reviews for goodwill
• The detailed disclosure requirements contained in IFRS 3
• Equity accounting for associates—IAS 28
• Accounting for interests in joint ventures—IAS 31
• New standards with mandatory adoption in 2013 including IFRS 10 Consolidated financial statements, IFRS 11 Joint arrangements, IFRS 12 Disclosure of interests in other entities

Who Should Attend