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IFRS for SME Section 19 Business Combinations and Goodwill

This webinar on demand is part of a series of webinars. Click here to read more

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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. 

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Learning objectives  

By the end of this event the participant should: 

• Understand the objective of IFRS for SMEs Section 19; 

• Know how goodwill is determined; and  

• Understand the accounting treatment of goodwill. 

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Content 

The webinar will cover the following topics:  

• Scope of Section 19. 

• Acquisition method. 

• Goodwill armotisation. 

• Negative goodwill.