Advanced Consolidation Techniques in IFRS: Changes in Scope (IFRS 3, IFRS 10)

Study the effects on consolidated financial statements of business acquisitions (IFRS 3), changes in interests, and loss of control (IFRS 10) and restructuring

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Length:

5 days

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This training provides a methodological framework for handling various scope change operations within a group. It covers the cases of gaining control, changes in minority interests during control, and loss of control. A section is also dedicated to equity-accounted entities and the consequences of internal restructuring operations (mergers, internal transfers of shares). You will learn how to determine the impacts of these operations on the consolidated balance sheet and how to control them by analyzing changes in equity. Emphasis will be on practice: numerous cases will allow you to apply the concepts developed. By the end of this training, you will be able to handle such operations within your group.

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Course Details

1. Apply IFRS 3 to business combinations when gaining control
2. Apply IFRS 10 to subsequent changes in interests after gaining control
3. Identify the consequences of IFRS 10 in the event of internal restructuring operations

Apply IFRS 3 to business combinations when gaining control

Handle gaining control
1. Scope of IFRS 3: the concept of business
2. Determining acquisition cost: fair value and conditional price supplements
3. Identifying and evaluating acquired assets and assumed liabilities: fair value, "fair value option" for minority interests, valuation differences
4. Determining and tracking goodwill: full goodwill, partial goodwill, the specific case of negative goodwill
5. Impact of gaining control on the consolidated balance sheet and equity
6. Subsequent adjustments during the evaluation period
7. Case study: determine the goodwill to be recognized under IFRS and the impacts of gaining control with minorities on the balance sheet and analyze consolidated equity
Handle the specific case of step acquisition (case of shares held before gaining control)
1. Revaluation of previously held interest and practical consequences
2. Impact of step acquisition on the balance sheet and equity in case of transition from equity method to full consolidation
3. Case study: determine the goodwill and impacts of step acquisition on the balance sheet and analyze consolidated equity under IFRS

Apply IFRS 10 to subsequent changes in interests after gaining control

Handle the case of equity-accounted entities related to IFRS 3 and IFRS 10

Identify the consequences of IFRS 10 in the event of internal restructuring operations

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