Understand the key concepts of these IFRS Standards
Learn the basic requirements and principles of IFRS 3, Business Combinations: IAS 24, Investments in Associates and Joint Ventures: and IFRS 11, Joint Arrangements.
Build foundational knowledge of fundamental concepts, including:
- fair value, noncontrolling interests, goodwill, and
significant influence:
- equity-method investments:
- impairment considerations: and
- differences between joint operations and joint ventures.
Compete in the modern business environment
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Practical learning through realistic scenarios
The interactive learning elements and real-life examples will help you implement the key concepts you learn in this course.
The real-world case studies will allow you to practice what you learn and apply your knowledge of IFRS requirements.
Who Will Benefit
- Accounting and finance professionals who work for
private or public multinational organizations that have adopted IFRS
Standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.
Key Topics
- IFRS 3’s scope and exceptions
- Definitions, methods, and measurements
- Fair value, noncontrolling interests, goodwill, and
significant influence
- IAS 24’s scope and exceptions
- Equity-method investments
- Impairment considerations
- Financial statement effects of consolidation
- Differences between joint operations and joint ventures
Learning Outcomes
- Identify when a transaction is a business
combination.
- Apply the acquisition method of accounting for a
business acquisition.
- Recognize how to subsequently account for both
goodwill and negative goodwill.
- Recognize how the amount of consideration transferred
is determined, including contingent consideration.
- Recall how contingent liabilities and intangible
assets are treated.
- Indicate whether an investment qualifies as an
associate.
- Recognize the appropriate accounting treatment for associates.