IFRS 3 Business Combinations
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Presenter: Anton van Wyk CA(SA)
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Level: Advanced
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Study time: 3 hours
IFRS 3 Business Combinations, although extremely
interesting, combines a significant number of different concepts from a wide
range of highly technical areas within International Financial Reporting
Standards (IFRS) in the context of business combination transactions – these
range from financial instruments, non-financial intangible assets, the
appropriate recognition of liabilities (even including certain contingent
liabilities), goodwill, and some aspects of deferred tax relating thereto. In
this short course, an in-depth overview is provided of the most important and
crucial underlying core principles that should be understood to correctly
account for business combination transactions in terms of the requirements of
IFRS 3 Business Combinations.
Join Anton van Wyk CA(SA) in
unpacking:
- How a business combination transaction is defined.
- The assessment of control to determine whether a business combination transaction is present.
- The appropriate recognition of identifiable financial and non-financial assets and liabilities at the date of acquisition, including the deferred tax consequences of these.
- The most appropriate measurement principles to consider in determining the acquisition-date fair values of recognised assets and liabilities in the business combination transaction.
- Other important principles arising from the business combination transaction.
In completing this course, you will be developing the following professional competencies:
Main competency grouping: Professional values and attitudes
Sub-competency grouping: Lifelong learning
Specific competency: Inquisitiveness
Main competency grouping: Enabling and future competencies
Sub-competency grouping: Business acumen
Specific competency: Business internal environment
Sub-competency grouping: Decision-making acumen
Specific competency: Critical thinking
Specific competency: Judgement
Specific competency: Problem-solving
Main competency grouping: Technical competencies
Sub-competency grouping: Stewardship of capitals: Business process and risk management
Specific competency: New developments and protocols knowledge
Specific competency: Reporting fundamentals
Sub-competency grouping: Decision-making to increase, decrease or transform capitals
Specific competency: Drawing conclusions
Sub-competency grouping: Reporting on value creation
Specific competency: Providing advice
What's included?
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1 On-demand short course
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Slides
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1 Certificate