Business Combinations | Goodwill Impairment | IFRS 10 | IFRS 3 | Consolidated Financial Statements

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IFRS 3 Business Combinations outlines the accounting when an acquirer obtains control of a business (e.g. an acquisition or merger). Such business combinations are accounted for using the 'acquisition method', which generally requires assets acquired and liabilities assumed to be measured at their fair values at the acquisition date.
IFRS 10 Consolidated Financial Statements outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee.
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[@stavroskaragiannopoulos5843]

Many thanks Professor. Best IFRS 3 explanation on internet. Continue the good work!

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[@ramanuja21]

Thanx for sharing this video, Farhat. This is far better than reading it from bland IFRS literature with no guidance whatsoever.

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Thank you for this Presentation. Much appreciated.

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Thanks

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Thank you.

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you are the best sir
God bless you.

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Very Helpful - Thank You

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This was really helpful, thank you very much! ;-)

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Very helpful !!

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thank you sir.

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Ooh this is what we learn in Australia!

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[@innocentithindi9363]

15:24 Goodwill

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[@mansoorkhan2858]

Thanks sir......

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Thank you so much Sir!

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[@sylviamercy8339]

Please let me know which book you are using for your lectures.

[@samal3333]

Query on IFRS 3 & 10
Company A acquires(100℅) company B for 130
Company A B/s
Capital 230
Ppe 100
Bank 130
Company B B/s
Capital 100
Ppe 100
Fair value of PPE of B on acquisition date is 120
So goodwill is 10 (130-120)
Both company follow cost model for PPE
On consolidation date:
Company A B/s
Capital 230
Ppe 90 ( after dep of 10)
Investment in B 130
P&L (loss) 10
Company B B/s
Capital 100
Ppe 90 ( after dep of 10)
P&L (loss) 10
What will be the consolidated B/s of A&B?
Capital?
PPE?
goodwill?
P&L(loss) ?

[@salmanansari7843]

CAN I RECORD GOODWILL WHILE PREPARING SEPARATE FINANCIAL STATEMENT OR WE CAN RECORD ONLY PREPARING CONSOLIDATION
PLEASE REPLY

[@thinukalakshan]

In separate financial statement entity allowed to recognize goodwill if and only the company do consolidation. If the investment in cost model as per IAS 27, no Goodwill recognized

[@nahommillion514]

Can calalulat 100 % Goodwill

[@cafinalstudentrajasthan8171]

SIR ME RAHETA HU ME YE PADH SAKTA HU KYA PLEASE REPLY

[@manasbanerjee1918]

he is not indian😑😑

[@mohitagarwal6233]

There are background noise in your videos..seems to me someone is taking...that is really breaking the concentration..if you can clean up those background noise it will be great...if you run the video from 9th minute ..you will be able to hear the noise