Course Detail()

UTAP Funding

14.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Introduction


Accounting Standards dealing with acquisition and merger (M&A) activities are evolving overtime to keep pace with the constant changing business environments. Acquisition of a business can often involved myriad of transactions being exchanged between the acquirer and the vendor. These transactions can range from a simple cash payment to swapping of assets and liabilities, issue of complex financial instruments and deferred settlement subject to contingencies. Upon completion of a M&A transaction, the acquirer needs to account for additional line items such as goodwill, intangible assets, contingent liabilities and often including non-controlling interest in the consolidated financial statements and the investment interest in the separate financial statement.
 
Programme Objectives

This seminar takes a systematic approach to enhance a preparer’s skills in handling the accounting for M&A activities by:

1st        Handling the initial accounting for acquisition of a business:

  • To provide a step-by-step guide on applying the principle of business combination
  • Acquisition of an entity that does not constitute a business

 
2nd       Handling the subsequent maintenance accounting:

  • The consolidation of investment interest
  • Accounting for the complex issues of changes in investment interest
  • Maintenance and impairment of goodwill

Programme Outline

1ST INITIAL ACCOUNTING
 
Acquisition of a business
 

  • Scope and general issues
    • Determine a ‘business’
    • Identifying the acquirer
    • Identify common control
    • Treatment of business combination involving common control
    • The importance of identifying acquisition date
    • Dealing with changes provisional value in initial measurement period

 

  • Accounting for investment interests in the separate financial statement of an investor
    • Dealing with acquisition related costs
    • Accounting for consideration transferred
    • Treating contingent consideration

 

  • Valuation and accounting for identifiable assets and liabilities of acquiree:
    • Determining fair value of identifiable assets acquired and liabilities assumed
    • Reacquired rights
    • Accounting for contingent liabilities of acquiree:
    • Recognizing and measuring deferred tax at date of acquisition for:
      • Fair value changes to the carrying amount of acquiree’s assets and liabilities
      • Pre-acquisition unused tax losses carried forward of acquiree

 

  • Dealing with non-controlling interest
    • Valuing non-controlling interest
    • Goodwill attributable to non-controlling interest
    • Subsequent changes in interest in non-controlling interest

 

  • Business combination achieve in stages
    • Calculating goodwill at date of acquisition
    • Accounting for subsequent increase in equity interest

 

  • Accounting for goodwill arising from business combination (IAS36)

 
 
2nd SUBSEQUENT ACCOUNTING:
 
1. Investment in subsidiaries

  • Accounting for cost of investment in separate financial statements of an investor
  • Impairment of the cost of investment

 
2. Issues in consolidated financial statements
 

  • Dealing with changes in investment interest:
    • Acquisition in stages without obtaining control
    • Acquisition in stages resulted in obtaining control
    • Disposal in stages without losing control
    • Disposal in stages that resulted in losing control
    • Bonus and rights issue
    • Reverse acquisition

 

  • Exempt Entities Consideration
    • Definition and identification
    • Acquisition and disposal of investment interest by Exempt Entities

 

  • The interaction between business combination and consolidated financial statements
    • How to deal with acquisition of a controlling interest in an entity that does not constitute a business
    • How to deal with acquisition of a business without acquiring a controlling interest in an entity

 
Training Methodology
Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that examines the initial accounting for business combination and the subsequent accounting for maintenance of goodwill and changes in investment interest as well as the consolidation procedures are welcome to attend.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.
 
To find out more on the UTAP support validity period please click 
here.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

 

Programme Facilitator(s)

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Introduction


Accounting Standards dealing with acquisition and merger (M&A) activities are evolving overtime to keep pace with the constant changing business environments. Acquisition of a business can often involved myriad of transactions being exchanged between the acquirer and the vendor. These transactions can range from a simple cash payment to swapping of assets and liabilities, issue of complex financial instruments and deferred settlement subject to contingencies. Upon completion of a M&A transaction, the acquirer needs to account for additional line items such as goodwill, intangible assets, contingent liabilities and often including non-controlling interest in the consolidated financial statements and the investment interest in the separate financial statement.
 
Programme Objectives

This seminar takes a systematic approach to enhance a preparer’s skills in handling the accounting for M&A activities by:

1st        Handling the initial accounting for acquisition of a business:

  • To provide a step-by-step guide on applying the principle of business combination
  • Acquisition of an entity that does not constitute a business

 
2nd       Handling the subsequent maintenance accounting:

  • The consolidation of investment interest
  • Accounting for the complex issues of changes in investment interest
  • Maintenance and impairment of goodwill

Programme Outline

1ST INITIAL ACCOUNTING
 
Acquisition of a business
 

  • Scope and general issues
    • Determine a ‘business’
    • Identifying the acquirer
    • Identify common control
    • Treatment of business combination involving common control
    • The importance of identifying acquisition date
    • Dealing with changes provisional value in initial measurement period

 

  • Accounting for investment interests in the separate financial statement of an investor
    • Dealing with acquisition related costs
    • Accounting for consideration transferred
    • Treating contingent consideration

 

  • Valuation and accounting for identifiable assets and liabilities of acquiree:
    • Determining fair value of identifiable assets acquired and liabilities assumed
    • Reacquired rights
    • Accounting for contingent liabilities of acquiree:
    • Recognizing and measuring deferred tax at date of acquisition for:
      • Fair value changes to the carrying amount of acquiree’s assets and liabilities
      • Pre-acquisition unused tax losses carried forward of acquiree

 

  • Dealing with non-controlling interest
    • Valuing non-controlling interest
    • Goodwill attributable to non-controlling interest
    • Subsequent changes in interest in non-controlling interest

 

  • Business combination achieve in stages
    • Calculating goodwill at date of acquisition
    • Accounting for subsequent increase in equity interest

 

  • Accounting for goodwill arising from business combination (IAS36)

 
 
2nd SUBSEQUENT ACCOUNTING:
 
1. Investment in subsidiaries

  • Accounting for cost of investment in separate financial statements of an investor
  • Impairment of the cost of investment

 
2. Issues in consolidated financial statements
 

  • Dealing with changes in investment interest:
    • Acquisition in stages without obtaining control
    • Acquisition in stages resulted in obtaining control
    • Disposal in stages without losing control
    • Disposal in stages that resulted in losing control
    • Bonus and rights issue
    • Reverse acquisition

 

  • Exempt Entities Consideration
    • Definition and identification
    • Acquisition and disposal of investment interest by Exempt Entities

 

  • The interaction between business combination and consolidated financial statements
    • How to deal with acquisition of a controlling interest in an entity that does not constitute a business
    • How to deal with acquisition of a business without acquiring a controlling interest in an entity

 
Training Methodology
Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that examines the initial accounting for business combination and the subsequent accounting for maintenance of goodwill and changes in investment interest as well as the consolidation procedures are welcome to attend.

Programme Facilitator(s)


No course instances or course instance sessions available.