AICPA IFRS: IFRS Business Combinations (IFRS 3) Course
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Who is AICPA?
AICPA (the Association) represents AICPA® & CIMA®.
The Association has over 696,000 members in 192 countries. AICPA is the worldwide leader on public and management accounting issues through support for the CPA license, specialized credentials, professional education & thought leadership.
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.
This self-study course addresses requirements of IFRS 3, Business Combinations, including the following:
- Underlying concepts, scope, and scope exceptions of the standard
- The definition of a business
- The acquisition method
- The form and measurement of consideration
- Fair value
- Noncontrolling interests
- Goodwill
This course includes interactive learning elements, video content, and real-life application through case studies.
- 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.
- Explain how the amount of consideration transferred is determined, including contingent consideration.
- Recall how contingent liabilities and intangible assets are treated.
Who should take this course?
- Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
- Anyone preparing for the ACCA Diploma in IFR
Professional development
This Course - Online offers 1 hours of CPE credit.
| Prerequisites: | Familiarity with financial reporting and accounting principles under IFRS |
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| Duration: | 1h |
| Format: | Course - Online |
| Access: | This is a digital product. You will have access to the content for a year after purchase date. Course access is given within 2 days of purchase via email from AICPA |
Certification
Students get a AICPA certification after scoring 70% and above on the assessment at the end of the course
