IFRS 3 Business Combinations

  • Presenter: Anton van Wyk CA(SA)
  • Level: Advanced
  • Study time: 3 hours
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Course overview

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?

  • 1 On-demand short course
  • Slides
  • 1 Certificate

Deep delve into IFRS 3

Link with SAICA Competency Framework

  • 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