About this E-Learning Course

This course provides an overview of the main requirements of IFRS 3, including:

  • An overview of when IFRS 3 is applicable

  • Identifying whether a transaction should be accounted for as a business combination

  • How to account for a business combination using the acquisition method

  • Understanding what the measurement period is and what adjustments can be made to the business combination accounting during this period

  • Accounting for step acquisitions and changes in stakes

  • Disclosures that are required to be made for business combinations.

Course curriculum

  • 1

    IFRS 3 Business Combinations E-Learning

    • Welcome!

    • When is IFRS 3 applicable?

    • Step 1 - Is the transaction a business combination?

    • Step 2 - Identify the acquirer

    • Step 3 - Determine acquisition date

    • Step 4 - Measuring consideration

    • Step 5 - Recognise & measure identifiable assets acquired and liabilities assumed

    • Step 6 - Measuring goodwill or gain from bargain purchase

    • The measurement period

    • Step acquisitions & changes in stake

    • Disclosure

How this course can help your business

It is not always easy to determine whether a transaction to acquire another business or entity should be accounted for as a business combination or asset acquisition. This course provides information and examples on how to identify different types of transactions, including how to use the acquisition method to account for transactions that are business combinations.

Meet your course instructor

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).