Business Combinations – The Acquisition Method
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 firstname.lastname@example.org 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.
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.
The session is aimed for accounting professionals and financial controllers.
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.
Basic knowledge on financial reporting is recommended.
Venue: Kindly contact us on email@example.com 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.
Georges Xuereb, Associate Director, Accounting Advisory Services, KPMG in Malta
Georges provides IFRS and GAPSME advice and delivers accounting topic papers to his clients on complex technical accounting matters. He also assists clients in the preparation of separate and consolidated financial statements in accordance with IFRS or GAPSME, including groups operating in sectors such as manufacturing, logistics, gaming, international business, construction, and financial services. His area of focus in these diverse industries includes IFRS consolidations and the implementation of recently issued IFRSs. Georges also implements Excel-based consolidation tools to large groups to improve their consolidation reporting process, with a focus on quality and complex accounting requirements and reducing reporting timeframes. He has also developed an IFRS 16 Leases tool to assist clients in transitioning to the new leases standard, with focus on automation and timely reporting. Georges delivers technical training and presentations on IFRS matters both internally to his colleagues and to his clients, and delivered lectures on the Financial Reporting and Strategic Business Reporting modules to students as part of their studies in fulfilment of the ACCA qualification.
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- Guided Learning 2 hours
- Language English