IFRS®: IFRS 3, Business Combinations; IAS 28, Investments in Associates and Joint Ventures; and IFRS 11, Joint Arrangements

Understand the key concepts of these IFRS Standards

Learn the basic requirements and principles of IFRS 3, Business Combinations; IAS 24, Investments in Associates and Joint Ventures; and IFRS 11, Joint Arrangements.

Build foundational knowledge of fundamental concepts, including:

• fair value, noncontrolling interests, goodwill, and significant influence;
• equity-method investments;
• impairment considerations; and
• differences between joint operations and joint ventures.

Compete in the modern business environment

Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.

Whatever your location, you could easily find yourself with a client subject to IFRS requirements.

Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.

Practical learning through realistic scenarios

The interactive learning elements and real-life examples will help you implement the key concepts you learn in this course.

The real-world case studies will allow you to practice what you learn and apply your knowledge of IFRS requirements.

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.

Key Topics

• IFRS 3’s scope and exceptions
• Definitions, methods, and measurements
• Fair value, noncontrolling interests, goodwill, and significant influence
• IAS 24’s scope and exceptions
• Equity-method investments
• Impairment considerations
• Financial statement effects of consolidation
• Differences between joint operations and joint ventures

Learning Outcomes

• Identify when a transaction is a business combination.
• Apply the acquisition method of accounting for a business acquisition.
• Recognize how to subsequently account for both goodwill and negative goodwill.
• Recognize how the amount of consideration transferred is determined, including contingent consideration.
• Recall how contingent liabilities and intangible assets are treated.
• Indicate whether an investment qualifies as an associate.
• Recognize the appropriate accounting treatment for associates.