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CPE Self-Study

IFRS: Business Combinations (IFRS 3)

Publisher: AICPA
  • $50.00-$70.00
    IFRS: Business Combinations (IFRS 3) Online Access Product #: 159740
    AICPA Member: $50.00
    Non-Member: $70.00

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

Upon completion of 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

Advance Preparation: None

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.