Accounting for Subsidiaries – IFRS 10 and IFRS 3

Quorum Training

Course

In City of London

£ 545 + VAT

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Description

  • Type

    Workshop

  • Location

    City of london

  • Class hours

    6h

  • Duration

    1 Day

  • Start date

    Different dates available

Explores detailed requirements of the standards

IFRS 10 and IFRS 12 have been effective for a number of years and together with IFRS 3 they provide the requirements for identifying a subsidiary, conducting the purchase price allocation exercise on acquisition, calculating goodwill, accounting for step acquisitions and changes in ownership in addition to the disclosure requirements. This course will explore the detailed requirements of these three standards through the use of company financial statements, illustrations and exercises. It also provides an overview of any technical developments or proposals in this area.

Facilities

Location

Start date

City of London (London)
See map
138-142 Holborn, EC1N 2NQ

Start date

Different dates availableEnrolment now open

About this course

The course is suitable for finance professionals who are required to prepare or audit group financial statements or who have an interest in the impact of potential acquisitions on the entity when structuring the deal.

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Reviews

Subjects

  • Financial Training
  • Financial
  • IFRS
  • Accounting
  • Financial strategy
  • Financial statements
  • Acquisition
  • Disclosure
  • Goodwill
  • Accounting for Subsidiaries
  • Subsidiaries
  • Price Allocation

Teachers and trainers (1)

Alun Morgan

Alun Morgan

Teacher

Alun specialises in audit and accounts training, audit quality control visits, and practice management issues. Up until June 2007 he sat on the council of the ICAEW, and currently sits on its Practice Society committee and Financial Reporting committee. Alun works with a wide range of clients, including accountancy practices, commercial and not-for-profit entities.

Course programme

IFRS 3 (2008): Business Combinations

  • Scope
  • The acquisition method
    • Identifying the acquirer
    • Determining the acquisition date
    • The purchase price allocation exercise
    • Recognising and measuring goodwill
  • Business combination achieved in stages
  • Subsequent measurement and accounting
  • Disclosure requirements

IFRS 10: Consolidated Financial Statements

  • The requirement to prepare consolidated financial statements
  • Scope and exemptions, particularly for investment companies
  • Assessing control
  • Consolidation procedures
  • Disposals
  • Changes in ownership interest

IFRS 12: Disclosure of Interests in Other Entities

  • Significant judgements and assumptions
  • Interests in subsidiaries, associates and joint arrangements
  • Interests in unconsolidated structured entities

See related categories

Accounting for Subsidiaries – IFRS 10 and IFRS 3

£ 545 + VAT

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