IFRS 3 Business Combinations

A Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance. Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis that focus on providing continuing education opportunities for finance and accounting professionals.

Mike is the author of several books, including: 

“IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

With merger and acquisition activity at an all-time high, accountants need to know how to apply IFRS 3 - Business Combinations. They are expected to know the rules for integrating the acquired company's assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered by this standard, including all the required disclosures, and meet all financial statement presentation requirements.

If you would like to be up-to-date on how to account for business combinations in IFRS, this webinar will provide with what you need to know to confidently apply this standard.

An acquirer of a business recognizes the assets acquired and liabilities assumed at their acquisition-date fair values and discloses information that enables users to evaluate the nature and financial effects of the acquisition.

The objective of the IFRS is to enhance the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. It does that by establishing principles and requirements for how an acquirer:

  • Recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquired entity
  • Recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase
  • Determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination.

Learning Objectives

  • Recognition and measurement of acquired assets and assumed liabilities and their effect on equity
  • Rules for recording and measuring goodwill (whether it's acquired or the result of a purchase)
  • Options for reclassification, designation, revaluation, and determination of fair values
  • Disclosure requirements
  • Financial statement presentation

Who Should Attend

  • Board members
  • External auditors
  • Compliance professionals
  • Operational professionals
  • Finance professionals
  • Internal auditors
  • $155.00