Offline enrolment form

Overview

IFRS: IFRS 3, Business Combinations; IAS 28, Investments in Associates and Joint Ventures; and IFRS 11, Joint Arrangements
Know the requirements of IFRS 3, Business Combinations; IAS 24, Investments in Associates and Joint Ventures; and IFRS 11, Joint Arrangements.

Key Topics

• IFRS 3’s scope and exceptions
• Definitions, methods, and measurements
• Fair value, noncontrolling interests, goodwill, and significant influence
• IAS 24’s scope and exceptions
• Equity-method investments
• Impairment considerations
• Financial statement effects of consolidation
• Differences between joint operations and joint ventures

Learning Objectives

• 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.
• Recognize how the amount of consideration transferred is determined, including contingent consideration.
• Recall how contingent liabilities and intangible assets are treated.
• Indicate whether an investment qualifies as an associate.
• Recognize the appropriate accounting treatment for associates.