UTAP Funding
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.IntroductionAccounting 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 ObjectivesThis 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 combinationAcquisition of an entity that does not constitute a business 2nd Handling the subsequent maintenance accounting:The consolidation of investment interestAccounting for the complex issues of changes in investment interestMaintenance and impairment of goodwill
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.IntroductionAccounting 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 ObjectivesThis 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:
2nd Handling the subsequent maintenance accounting:
1ST INITIAL ACCOUNTING Acquisition of a business Scope and general issuesDetermine a ‘business’ Identifying the acquirerIdentify common controlTreatment of business combination involving common controlThe 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 investorDealing with acquisition related costsAccounting for consideration transferredTreating contingent consideration Valuation and accounting for identifiable assets and liabilities of acquiree:Determining fair value of identifiable assets acquired and liabilities assumedReacquired rightsAccounting 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 liabilitiesPre-acquisition unused tax losses carried forward of acquiree Dealing with non-controlling interestValuing non-controlling interest Goodwill attributable to non-controlling interestSubsequent changes in interest in non-controlling interest Business combination achieve in stagesCalculating goodwill at date of acquisitionAccounting for subsequent increase in equity interest Accounting for goodwill arising from business combination (IAS36) 2nd SUBSEQUENT ACCOUNTING: 1. Investment in subsidiariesAccounting for cost of investment in separate financial statements of an investorImpairment of the cost of investment 2. Issues in consolidated financial statements Dealing with changes in investment interest:Acquisition in stages without obtaining controlAcquisition in stages resulted in obtaining controlDisposal in stages without losing controlDisposal in stages that resulted in losing controlBonus and rights issueReverse acquisition Exempt Entities ConsiderationDefinition and identificationAcquisition and disposal of investment interest by Exempt Entities The interaction between business combination and consolidated financial statementsHow to deal with acquisition of a controlling interest in an entity that does not constitute a businessHow to deal with acquisition of a business without acquiring a controlling interest in an entity Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions. Closing Date for Registration1 week before programme or until full enrolment
1ST INITIAL ACCOUNTING Acquisition of a business
2nd SUBSEQUENT ACCOUNTING: 1. Investment in subsidiaries
2. Issues in consolidated financial statements
Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions. Closing Date for Registration1 week before programme or until full enrolment
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.
1] NTUC Union Training Assistance Programme (UTAP)UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. To find out more on the UTAP funding and support validity period please click here.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008
You are about to leave ISCA eServices Portal and the registration link will be opened in a new tab. Do you wish to continue?
This course has been added successfully
Declaration to be provided by CPE
This Course is Intended for CA Singapore Users..
If you have an account with us, please sign-in first. If you do not have an account with us, create one now for free.
Do you wish to apply for SFC funding? (Singapore Citizenship Only)