workshop

INTRODUCTION

Background and Historical Perspective General overview on IFRS 10, IFRS 11, IFRS 1, IAS 27 and IAS 28

DEFINITION OF TERMS

Joint arrangements

• Types of joint arrangement
• Accounting for joint operations
• Accounting for joint ventures

ASSOCIATES

• Identification of an associate
• Accounting for an associate

EQUITY METHOD OF ACCOUNTING
SEPARATE FINANCIAL STATEMENTS
BUSINESS COMBINATIONS & CONSOLIDATIONS

• Effective Date and Transition Provisions
• Scope
• Identification of a subsidiary
• Determining Fair Values
• Transactions and Events Accounted for as Business Combinations

Accounting for Business Combinations under the Acquisition Method

• Learn how to construct a consolidated balance sheet and income statement
• Non-controlling interest
• Fair value measurement
• Goodwill
• Eliminating entries

DISCLOSURE REQUIREMENTS

US GAAP COMPARISON