Course Detail(A164 : Business Combinations: Issues and Pitfalls in Group Accounting (Live Webinar))

A164 : Business Combinations: Issues and Pitfalls in Group Accounting (Live Webinar)

7.00 CPE Hours (Category 1)
Classroom

Please be informed that in view of the current COVID-19 situation, ISCA will change the format of Jun - Sep 2020 courses into Live Webinar.

A detailed set of instructions on the Live Webinar will be sent to you upon each course confirmation.

Programme Objective

The training aims to give practical insights into the preparation of group accounting, consolidation methods and the new standard on control (FRS 110). In addition to this the training will highlight the concept of Joint Arrangements and the accounting for Joint Operations and Joint Ventures.

Programme Outline

  • Overview of IASB project and current trends
  • FRS 110 – Control Concept
  • Power over relevant activities
  • Variable returns
  • Control
  • FRS 111 Joint Arrangements
  • Differences between joint operations and joint ventures
  • Consolidation under FRS 28 (at equity) and FRS 111 (single asset consolidation)
  • FRS 103 (R) – Business Combination
  • Identifying the acquirer
  • Determining the acquisition date and consideration transferred
  • Recognizing and measuring identifiable assets acquired, liabilities assumed, and non-controlling interest
  • Contingent consideration
  • Reacquired rights
  • Contingent liabilities
  • Indemnification assets
  • FRS 27 (R) Consolidated financial statements
  • Consolidation requirements and procedures
  • Accounting for non-controlling interests
  • Accounting for changes in ownership interests
  • Summary

Training Methodology

Lecture style, with hands-on exercises

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the programme beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

09 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 31 Aug 2020

Programme Facilitator(s)

Michel Herrmann

Venue

Online Classroom in or outside of
Singapore

Date & Time

23 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Date & Time

06 Jun 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Date & Time

02 Oct 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Michel Herrmann
WP, StB, CPA (US and Singapore)

 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.

Please be informed that in view of the current COVID-19 situation, ISCA will change the format of Jun - Sep 2020 courses into Live Webinar.

A detailed set of instructions on the Live Webinar will be sent to you upon each course confirmation.

Programme Objective

The training aims to give practical insights into the preparation of group accounting, consolidation methods and the new standard on control (FRS 110). In addition to this the training will highlight the concept of Joint Arrangements and the accounting for Joint Operations and Joint Ventures.

Programme Outline

  • Overview of IASB project and current trends
  • FRS 110 – Control Concept
  • Power over relevant activities
  • Variable returns
  • Control
  • FRS 111 Joint Arrangements
  • Differences between joint operations and joint ventures
  • Consolidation under FRS 28 (at equity) and FRS 111 (single asset consolidation)
  • FRS 103 (R) – Business Combination
  • Identifying the acquirer
  • Determining the acquisition date and consideration transferred
  • Recognizing and measuring identifiable assets acquired, liabilities assumed, and non-controlling interest
  • Contingent consideration
  • Reacquired rights
  • Contingent liabilities
  • Indemnification assets
  • FRS 27 (R) Consolidated financial statements
  • Consolidation requirements and procedures
  • Accounting for non-controlling interests
  • Accounting for changes in ownership interests
  • Summary

Training Methodology

Lecture style, with hands-on exercises

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate Level programme intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the programme beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Michel Herrmann
WP, StB, CPA (US and Singapore)

 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.

Upcoming Schedule

Date & Time

09 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 31 Aug 2020

Programme Facilitator(s)

Michel Herrmann

Venue

Online Classroom in or outside of
Singapore