Overview   

The topic “business combinations” will always remain very conceptual and important in financial accounting.  

The determination of goodwill is the overall focus of this accounting standard and there are many principles that need in-depth consideration when accounting for a transaction that meets the definition of a business combination.  

Also take careful note that business combinations do not only entail acquisition of a controlling equity interest in another entity, but also the direct acquisition of assets and liabilities that form a “business”, as defined in IFRS 3. 

Join Anton van Wyk M.Com, CA(SA) on 22 September 2020 from 9:00 a.m. to 11:00 a.m. as he discusses the principles on the recognition and measurement of acquired assets and liabilities, the determination of goodwill and the necessary disclosures. 

For more on our IFRS webinars, please check out our events page 

 to register.    

Learning objectives  

By the end of this event the participant should: 

• Understand the scope of IFRS 3; 

• Understand the definition of business combinations; 

• Understand the measurement of goodwill; 

• Understand the method of accounting for business combinations; and 

• Understand  the disclosure of information about business combinations.  

Content 

The webinar will cover the following topics:  

• IFRS 3 scope. 

• Definition of a "business combination". 

• Recognition principle. 

• Measurement principle. 

• Measurement of goodwill. 

• Disclosures. 

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 

About the presenter 

Anton van Wyk M.Com, CA(SA) 

Anton van Wyk is a chartered accountant and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SMEs). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS). 

Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees. 

Who should attend 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

• Accounting officers;  

• Tax practitioners; and 

• Bookkeepers. 

Price           

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and / or course material where available 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar