IFRS: Accounting for Business Combinations – eLearning

 A business combination is a momentous moment within your organisation and understanding the accounting and reporting implications is vital. As well as business combinations there are other significant moments, too, for example when one entity unites with another on a short-term or one-off basis in a joint venture; these are all situations in which the impact on the accounting and reporting will be significant and a thorough understanding is important.

This course looks at the various implications of accounting for such issues which are covered by a number of IFRS Standards such as business combinations, separate financial statements and disclosures of interests in other entities.


Upon satisfactory completion of this activity you will be able to:
•Understand the objectives and scope of IFRS 3, 10, 11 and 12 as well as IAS 27 and 28.
•Understand the basic rules regarding separate and consolidated financial statements.
•Understand how a business combination is identified.
•Identify how joint control is defined.



Benefits:
This course arms you with the knowledge and skills to apply the appropriate accounting methods for IFRS requirements on business combinations, separate financial statements and disclosures of interests in other entities.