IFRS3 (Business Combinations)

Introduction:

Mastering IFRS 3 is essential for professionals involved in financial reporting, auditing, and corporate finance. This proposed course aims to equip participants with the knowledge and skills required to understand, apply, and interpret the standard effectively in real-world scenarios.

Target Audience:

·         Accounting and finance professionals

·         Auditors

·         Financial analysts

·         Corporate finance professionals

·         Students pursuing accounting or finance degrees.

Course Content:

1-    IFRS 3: Definition, objective.

2-    Defensive tactics.

3-    Advantages of external expansion.

4-    Business Combinations: Historical Perspective.

5-    Types of Combinations.

6-    Avoiding the Pitfalls Before the Deal.

7-    Concepts.

8-    Principles for:

A-  Measuring assets and liabilities.

B-   Recognizing goodwill

C-   disclosure

9-    Concentration test.

10-   Acquisition method:

a-     Identify the acquirer.

b-    Determine the acquisition date.

c-     Recognize assets and liabilities.

d-    Recognize goodwill.

11-   Measurement period

12-   Non-controlling interest

a-     Method 1: proportionate share

b-    Method 2: Full share

13-   Goodwill Impairment Test

14-   Deferred consideration

15-   Bargain Purchase

16-   Other expenses treatment.

17-   Measurement Period

18-   Contingent Consideration in an Acquisition

19-   IFRS Versus U.S. GAAP