Business combinations occur when an acquirer obtains control of another business. Business combinations under International Financial Reporting Standards (IFRS) are accounted for under the acquisition method, with limited exceptions. This course explores a step-by-step method for properly accounting for business combinations, which includes calculating goodwill or a bargain purchase gain per IFRS 3.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Explore how to identify the acquirer in a business combination.
- Discover how to properly determine the acquisition date, which will become the measurement date for the business combination.
- Recognize how to determine the consideration transferred, including contingent consideration.
- Explore how to value the identifiable assets acquired and liabilities assumed.
- Discover how to calculate goodwill or the bargain purchase gain.
Last updated/reviewed: September 30, 2026
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Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Introduction and Overview to Accounting for Business Combinations under IFRS 3 6:00
- Identifying the Acquirer & Acquisition Date 3:24
- Consideration Transferred 12:06
- Consideration Transferred Continued 6:41
- Measuring Identifiable Assets and Liabilities 11:06
- Goodwill Calculation 6:20
- Subsequent Measurement of Assets Acquired and Liabilities Assumed 3:38
- Other Relevant Matters 4:12
- Non-Controlling Interest Calculation & Conclusion 2:32
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: Accounting for Business Combinations under IFRS 3 PDF
- Accounting for Business Combinations under IFRS 3 Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM locked
