About this seminar

This course is relevant for entities that have recently acquired a business and need to prepare their financial statements in accordance with either International Financial Reporting Standards or Australian Accounting Standards. The course will provide you with a practical understanding of IFRS 3 Business Combinations, including:

  • Distinguishing between a business combination and other types of acquisitions, such as asset acquisitions

  • Understanding the accounting for business combinations, including the key features of the acquisition method

  • Identifying the main disclosure requirements applicable to business combinations.

How this seminar can help your business

Business acquisitions can be complex and correctly accounting for them can require significant judgement. Consequently, correctly accounting for a business combination can be highly challenging. This course will provide you with a basic understanding of how IFRS 3 Business Combinations works. We demonstrate various aspects of the Standard using worked examples so you can understand how to apply this to your business acquisition.

Meet your course instructor