Business Combinations: Application of the Acquisition Method and Other Considerations

Now that you’ve been introduced to IFRS 3, it’s time to take a deeper dive into the accounting for business combinations under IFRS. After a quick refresher on the content discussed in our first online course, this CPE-eligible, eLearning course (1.0 CPE) covers the last two steps of the 4-step acquisition method within IFRS 3, specifically identifying and measuring the assets and liabilities acquired and calculating goodwill. There are a few exceptions to the general principle of recognizing the net assets acquired at fair value and we cover those in this course. This online course also covers other important issues related to business combinations, specifically accounting for noncontrolling interests, step acquisition, and measurement period adjustments.

This is the second course in our two-part business combinations training series.

 By the end of this course, you should be able to: 

• Identify when assets and liabilities should be recognized apart from goodwill and how they should be measured 
• Recognize exceptions to the recognition and measurement principles of IFRS 3
• Recall accounting requirements for other areas of IFRS 3, including consideration transferred, noncontrolling interests, step acquisitions and measurement period adjustments