Financial Statements Combinations and the Principle of Investment Accounting

Financial Statements Combinations and Investment Accounting Principle

Monday 12 Oct 2020

  • Duration: One Week
  • City: London
  • Fees: 3900 GBP

Introduction

Determining business combinations and Financial Statements are essential for any business.

You’ll explore a range of financial statements – focusing on income statements, statements of financial position and cash flow statements. You’ll also investigate the different branches of accounting and learn to identify who else in the business uses this accounting information.

 

Objective:


in this course learners will achieve:

  • Realize the way toward combining Financial Statements.
  • determine business combinations and their related transactions.
  • set the acquisition strategy for business combinations.
  • measuring goodwill and non-controlling interest.
  • Classify distinctive sorts of financial tools and accounting strategies for each.
  • Account for transactions as indicated by reasonable esteem technique, equity methods and amortized cost.
  • distinguish contrasts and likenesses between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting bases.

The Course Outline:

Day 1

Financial Instruments

  • Divisions of Investments.
  • Display of Financial tools.
  • Characterizing accountability from Equity.
  • Held-to-Maturity Debt Securities (HTM).
  • Trading Securities.
  • Available-for-Sale Securities (AFS).
  • fair value option (FVO) for financial liabilities to be measured through profit or loss.
  • identifying Fair Value.
  • primary and following Measurement.
  • recategorization and transmit among divisions.
  • bands on Reclassifications.
  • Derecognition of Financial tools.
  • Accounting for Sales of Financial tools
  • The Recent Accounting Updates According to IFRS

Day 2

Investments in Associates

  • Accounting Based on the Equity Method.
  • Conditions when Cost procedure is usable.
  • Distinctions in Financial Year.
  • Intercompany Transactions among Investor and Investee.
  • Accounting for a fractional Sale or further Purchase of Equity Investment.
  • Shift in standard of Ownership or Degree of Influence
  • Accounting for Impairment.

Day 3

Transactions Accounted for as Business Combinations

  • determining a preparing Business.
  • frameworks of Business Combinations.
  • IFRS and US GAAP importance.

Day 4

Accounting for Business Combinations

  • Setting the Acquisition plan.
  • Recognizing the Acquirer.
  • Describing and Measuring the recognizable sensible and insensible Assets. Acquired and Liabilities Assumed.
  • Realizing and Measuring any Non-controlling Interest.
  • Measuring the Consideration Transferred.
  • Realizing and Measuring Goodwill or Gain from a Bargain Purchase.
  • Earning Related Costs.
  • Accounting for Gain on Bargain Purchase Option.

Day 5

Consolidated Financial Statements

  • Explaining “Control”.
  • Diversities in Ownership Interest without disorder.
  • diversities in Ownership Interest producing in Loss of Control.
  • integration Procedures.
  • Intercompany Transactions and Balances.

Post Combination Measurement and Accounting

  • Reacquired Rights
  • Contingent Liabilities
  • Indemnification Assets
  • Contingent Consideration

Goodwill and Gain on Bargain Purchase Options

  • Measurement of Goodwill.
  • Fragility of Goodwill.
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