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IFRS Course


IFRS Accounting for Business Combinations (2 days)

Course Details

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Accounting for business combinations can present considerable challenges for IFRS preparers. This two-day program provides a comprehensive understanding of, and hands-on practice in, applying the IFRS requirements on business combinations and on acquiring interests in joint arrangements and associates.

Our specialist instructors will explain and review the relevant parts of the following IFRS standards:

  • IFRS 3 Business Combinations
  • IFRS 10 Consolidated Financial Statements
  • IFRS 11 Joint Arrangements
  • IFRS 12 Disclosure of Interests in Other Entities
  • IAS 28 Investments in Associates and Joint Ventures

Using illustrative examples and real-world financial statements, the theory and practical application of the acquisition method of accounting for business combinations is demonstrated in an interactive group environment. The program also gives delegates a sound understanding of the requirements and methodology for accounting for acquiring and losing control of interests in joint arrangements and associates.

The course answers questions such as:

  • What constitutes a ‘business?
  • What is included and excluded when calculating the consideration transferred in a business combination?
  • How are contingent payments, subsequent fair value adjustments, contingent liabilities and intangible assets treated in a business combination?
  • How are goodwill and non-controlling interests measured?
  • How does IFRS 10's definition of control affect the scope of consolidated financial statements?
  • What adjustments are needed when applying the equity method of accounting?
  • How does IFRS 11 impact the treatment of joint arrangements?

Learning Objectives

  • Differentiate between the different levels of investment and identify the appropriate accounting treatment
  • Perform a purchase price allocation exercise and calculate goodwill by applying the rules in IFRS 3 Business Combinations
  • Evaluate the impact of contingent consideration and implement the special recognition and measurement rules for contingent liabilities
  • Perform equity accounting for an associate or joint venture by applying IAS 28
  • Identify the two forms of joint arrangement and apply the appropriate accounting methods

Who Should Attend

Individuals with interests in, or responsibilities for, preparing IFRS consolidated financial statements following business combinations and/or acquisitions of interests in associates or joint arrangements:

  • Accountants with group reporting responsibilities
  • Professionals involved in M&A transactions
  • Internal  auditors
  • Analysts and advisors
  • Systems professionals


  • Acquisitionaccounting – IFRS 3
    • Definition of a business and a business combination
    • Scope exemptions
    • Identifying the acquirer
    • Determining the acquisition date and consideration transferred
    • Recognizing and measuring identifiable assets acquired, liabilities assumed, and non-controlling interests
      • Recognition principle
      • Measurement principle
      • Exceptions to the recognition and measurement principles
    • Recognizing and measuring goodwill or a gain from a bargain purchase
      • Bargain purchases
      • Consideration transferred
      • Contingent consideration
      • Testing goodwill for impairment
    • Business combinations achieved in stages
    • Business combinations achieved without the transfer of consideration
    • Provisional fair values and measurement period adjustments
    • Subsequent measurement and accounting
      • Reacquired rights
      • Contingent liabilities
      • Indemnification assets
      • Contingent consideration
    • Disclosures
  • Consolidated financial statements – IFRS 10
    • Determining control
    • Accounting for changes in ownership interests
    • Disclosure of interests in other entities – IFRS 12
  • Joint arrangements – IFRS 11
    • Joint control
    • Accounting for joint operations
    • Accounting for joint ventures
  • Investments in associates and joint ventures – IAS 28
    • Acquisition and loss of significant influence
    • Applying the equity method
    • Impairment testing – IAS 36

Teaching Method

  • Group live instruction with active participation encouraged, cases, examples, group work, open discussions
  • Review of the general requirements of IFRS 3 Business Combinations
  • Demonstration of accounting issues relating to acquiring interests in associates and joint arrangements
  • Extensive hands-on case studies completed in an interactive group environment to demonstrate key points and practical application
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.


Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.


Field of study: Accounting


Basic understanding of accounting for business combinations and consolidations under any GAAP. No advance preparation is required for this course.