IFRS 3 - Business Combinations

IFRS refers to the International Financial Reporting Standards, which are designed as a common global language for business to ensure that accounts are both understandable and comparable on a global basis with a set of uniformity in them. As the international shareholding and trade are growing, there’s a dire need of reporting standards which deal with organizations on a global level.

The course gives a detailed overview on the IFRS 3. It explains as to how the IFRS 3 need to be adopted for the entity and gives you an in depth overview of how organizations are supposed to recognize and measure acquired assets and liabilities, the determination of goodwill and the necessary disclosures. This standard is to understand the relevance, reliability and comparability of information provided about business combinations (e.g. mergers) and their effects. All the concepts are explained extensively by the use of various case studies for the purpose of deep and insightful understanding.