Business Combinations Under Common Control

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 involving entities or businesses under common control’ is a business combination in which all of the combining entities or businesses are ultimately controlled by the same party or parties both before and after the combination, and that control is not transitory. IFRS 3 Business Combinations scopes out common control transactions, but there is no specific IFRS standard which deals with these types of transactions. In this session, we will explore the guidance available for these transactions, considering the accounting in both the consolidated and separate financial statements.

Target Audience:

The session is aimed for accountants in practice, financial reporting specialists and auditors.

Learning Outcomes:

By the end of this session participants would be knowledgeable on common control transactions.

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 the 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.