This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

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 Suite 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.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

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 each session.

Trainer:

Georges Xuereb, Director, Corporate Accounting Advisory Services, KPMG in Malta

Georges provides a wide range of Accounting Advisory services, including group consolidations and the preparation of consolidated financial statements under both GAPSME and IFRS, technical accounting advice on complex matters, development of Excel-based models (such as leasing, ECL impairment and consolidation tools), and outsourced corporate accounting and compliance services, such as preparation of management accounts and financial statements. His portfolio of clients is very diverse, including groups and companies operating in sectors such as manufacturing, logistics, aviation, cruise line business, gaming, diversified multinationals, construction, and financial services. Georges also lectures on the Financial Reporting (FR) and Strategic Business Reporting (SBR) ACCA modules to students as part of their studies in fulfilment of the ACCA qualification.

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Terms and conditions.