IFRS: Business Combinations (IFRS 3)

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2.0 Credits

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.


  • 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

  • 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.

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