Program Objectives:
By the end of the program, participants will be able to:
- Recognize the process of consolidating financial statements.
- Identify what qualify as business combination and their related transactions.
- Apply the acquisition method for business combinations.
- Account for goodwill and non-controlling interests.
- Recognize the differences and similarities in the consolidation of financial statements between the International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting Principles (GAAP).
This program is designed for:
Financial managers and controllers, accounting managers, senior accountants, financial assistants, financial analysts, and any professional involved in accounting for business combinations and consolidations. This program is worth 5 NASBA CPEs.
Locations & Dates:
29 - 29 May 2012 Dubai, English
04 - 06 Dec 2012 Dubai, English
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees
Delivery Type: Group-Live
Pre-requisites: None
Related Programs:
Program Outline
Transactions Accounted for as Business Combinations - Defining a Qualifying Business
- Structures of Business Combinations
- IFRS and US GAAP Consideration
Accounting for Business Combinations - Applying the Acquisition Method
- Step 1: Identify the Acquirer
- Step 2: Determine the Acquisition Date
- Step 3: Recognize and Measure the Identifiable Tangible and Intangible Assets Acquired and Liabilities Assumed
- Measuring Noncontrolling Interest
- Exceptions of the Recognition or Measurement Principles
- Step 4: Identify Assets and Liabilities Requiring Separate Accounting
- Step 5: Classify or Designate Identifiable Assets Acquired and Liabilities Assumed
- Step 6: Recognize and Measure any Noncontrolling Interest in the Acquire
- Measuring Noncontrolling Interest at Fair Value
- Step 7: Measure the Consideration Transferred
- Step 8: Recognize and Measure Goodwill or Gain from a Bargain Purchase
- Acquisition Related Costs
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Post Combination Measurement and Accounting - Reacquired Rights
- Contingent Liabilities
- Indemnification Assets
- Contingent Consideration
Goodwill and Gain on Bargain Purchase Options - Measurement of Goodwill
- Impairment of Goodwill
- Accounting for Gain on Bargain Purchase Option
Consolidated Financial Statements - The Economic Entity Model
- Defining Control
- Changes in Ownership Interest without Loss of Control
- Changes in Ownership Interest Resulting in Loss of Control
- Consolidation Procedures
- Intercompany Transactions and Balances
Overview of Special Topics - A Business Combination Achieved in Stages (Step Acquisitions)
- A Business Combination Achieved without the Transfer of Consideration
- Special Purpose Entities (SPEs)
- Required Disclosures
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Programs 
