events | 05 November 2020

Accounting for Business Combinations

In this IFRS Series session we shall be discussing the definition of a ‘business’ and delving into all of the steps of the acquisition method. We shall also be introducing IFRS 13: Fair Value Measurement as IFRS 3 references fair value in many of its requirements under the acquisition method, making it a complimentary standard to discuss during this session.

Course Description:

A ‘business combination’ is a transaction or other event in which an acquirer obtains control of one or more businesses. IFRS 3 Business Combinations is the standard which deals with these types of acquisitions and it introduces the ‘acquisition method’ (also known as the purchase price allocation method) which describes in detail the requirements on how to account for these acquisitions, including determining the date of acquisition, identifying and measuring the consideration transferred and the identifiable assets and liabilities assumed, measurement of non-controlling interests, and recognition of any resulting goodwill. In this IFRS Series session we shall be discussing the definition of a ‘business’ and delving into all of the steps of the acquisition method. We shall also be introducing IFRS 13: Fair Value Measurement as IFRS 3 references fair value in many of its requirements under the acquisition method, making it a complimentary standard to discuss during this session.

Target Audience:

The session is aimed for accounting professionals and financial controllers.

Learning Outcomes:

By the end of the session participants would be knowledgeable of the key concepts set out in IFRS 13 and would be able to understand the acquisition method under IFRS 3.

Prerequisites:

Basic knowledge on financial reporting is recommended.

Date: 28/01/2021

Time: 14:00 – 16:15

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

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Cooperation Partners
  • Malta Employers' Associations
  • Malta Association of Credit Management