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IFRS: Business Combinations (IFRS 3)

Publisher: AICPA
Availability: Online Access
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AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize you with the concepts underlying IFRS 3, Business Combinations, and provide an understanding of how to apply those concepts in practice.

Learning Objectives
When you complete this course you will be able to:

  • Describe the scope of IFRS 3, Business Combinations.
  • Identify what is (and is not) a business combination by applying the definition in IFRS 3. Explain how to apply the acquisition method of accounting for a business acquisition, including the following:
    • Identifying the acquirer,
    • Recognizing and measuring the identifiable assets acquired, liabilities assumed, and any non-controlling interest in the acquiree.
  • Recognize and measure goodwill or a gain from a bargain purchase resulting from a business combination.
  • Determine the amount of consideration transferred, including contingent consideration.
  • Understand the treatment of reacquired rights, contingent liabilities at the acquisition date, and indemnification assets.
  • Describe the required disclosures.

Prerequisite: None

Advanced Preparation: None

Note: Accessible immediately after completing the purchase process on

NASBA Field of Study: Accounting
Level: Basic
Recommended CPE Credit: 2
IFRS: Business Combinations (IFRS 3)
IFRS: Business Combinations (IFRS 3)
CPE On-Demand
Product# 159740
Availability: Online Access 1 Year
For registered users only
AICPA Member:$50.00
Your Price:$70.00
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