- Business combinations - Business combinations
- Consolidation scope - Consolidation scope - First consolidation - Goodwill – Control - Minority interests
- Consolidation under IFRS - Accounting production: Know how to prepare consolidated accounts under IFRS.
- Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
- IFRS standards - International Financial Reporting Standards
- Merger Acquisition Transaction - Master the implementation of the merger & acquisition/disposal process (letter of intent, due diligence, acquisition audits and data room, binding offer, negotiation, closing, etc.) Understand the legal environment of the transaction
Target audience
- Consolidation and Accounting Directors
- Consolidators
- Financial Directors and Controllers
- Financial managers
2 day
Prerequisites
This training does not require any particular prerequisite.
Objectives
– Master the principles of IFRS 3 relating to business combinations and the assessment of control under IFRS 10 and IAS 28
– Know how to account for and audit increases (decreases) of investment with or without gain (loss) of control
Detailed content
> What standard to apply on what scope change?
> The acquisition method (purchase accounting): the steps
– Identifying the acquirer
– Determining the acquisition date
– Fair value of the entity and acquisition-related costs
• Focus on earn out, minority interests put options
> Measuring and accounting for the combination (Purchase Price Allocation)
– Identifying and measuring the acquired assets and liabilities
• How to build the balance sheet of the acquired
• Identifying and dealing with contingent assets and liabilities
– Business combination achieved in stages (step acquisitions)
> Calculating goodwill
– Allocating measurement, the notion of full goodwill
– Focus on negative goodwill
> Changes in the percentage of ownership of a subsidiary
> Losses of control or loss of significant influence
– Analyzing the gain or loss on disposal, and the other impacts in net income
– Accounting entries
– Specific case of foreign subsidiaries
> Purchases and sales of shares: cash flow statement impacts
> Entry into the consolidation perimeter by way of merger
Why should you attend?
The acquisition of a new subsidiary is a defining moment for a group. IFRS 3 requirements create many risks and opportunities and sometimes counter-intuitive impacts. IFRS 10 defines treatments to follow in case of divestiture and regulates when a P/L impact should be recognized. Through a realistic and progressive case study, this training allows you to master the main challenges of these standards.
Training methods and assessment
Presentation supported by many illustrations drawn from recent cases and actual financial statements. Immediate implementation of subjects with exercises integrated in a progressive, realistic and concrete case study.
Summary sheet for main takeaways included in training material.
Assessment questionnaire.
A training certificate is delivered at the end of the session.
The trainer is available by e-mail to answer any follow-up questions participants may have.
Price
1 840 € Excl. VAT – 2 208 € Incl. VAT
Médias
Témoignages
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Jonathan C.
Entreprise
Formation