Overview
The topic “business combinations” will always remain very conceptual and important in financial accounting.
Section 19 of the IFRS for SMEs standard covers the determination of goodwill arising from business combinations. This section also gives guidance on the many principles that need in-depth consideration when accounting for a transaction that meets the definition of a ‘business combination’.
It is important to 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 Section 19 of the IFRS for SME.
This webinar is part of a series we are currently running on IFRS for SMEs. Click here to view the series. You can also view our other series on the main IFRS here.
Learning objectives
By the end of this event the participant should:
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Understand the objective of IFRS for SMEs Section 19;
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Know how goodwill is determined; and
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Understand the accounting treatment of goodwill.
Content
The webinar will cover the following topics:
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Scope of Section 19.
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Acquisition method.
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Goodwill armotisation.
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Negative goodwill.
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
Caryn Maitland, CA(SA)
Caryn Maitland graduated in 1998 from the University of Natal, Pietermaritzburg (now UKZN), with a BCom Honours degree in Accounting and completed her articles with KPMG in 2001 and qualified as a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.
Caryn has lectured in Auditing, second and third year subjects, for Varsity College from 1999 to 2001. In 2002, she was appointed as senior lecturer at UKZN and coordinated the Financial Accounting 300 course until June 2006. In addition, she has lectured in Advanced Financial Accounting since June 2006 until December 2011.
Caryn has conducted independent workshops and seminars for professional accountants since 2006 on various topics, and has consulted on a number of technical issues. Since January 2011, she has focused on her own business as technical freelance consultant and trainer.
Caryn also held the position Editor-in-Chief of an online continual professional development (CPD) website for accounting professional, eCPD Accountancy, having resigned from this post in September 2013.
Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014. She has also been involved with the SAICA SMP Technical tour (2014 to present).
Who should attend
The following persons will benefit from attending this webinar:
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Accountants.
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Company secretaries.
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Registered auditors.
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Trainee accountants/ auditors.
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Personnel performing company secretarial duties.
Price
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R 475.00 - Online admission - Individual.
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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:
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Summarised slide presentation
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Reference documents and / or course material where available
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You can ask questions during the webinar and you will also have access to me the presenter after the webinar