Consolidations and Business Combinations

40.00 Inc VAT

Thursday 09 September 2021 | 09:30 (Europe/Malta)

Online Live Session

Accreditation details will follow shortly.

Seats Available

IFRS 10 requires a parent to present consolidated financial statements in which the financial statements of the parent and those entities which it controls are presented as those of a single economic entity. IFRS 10 lays down the consolidation procedures to be followed when preparing consolidated financial statements.

IFRS 3 identifies business combinations when an entity obtains control of a business through an acquisition or merger. Such business combinations are accounted for by applying the acquisition method, which requires the recognition and measurement of identifiable assets acquired and liabilities assumed to be measured at their fair values at the acquisition date. It also involves the recognition and measurement of non-controlling interest and goodwill, which under IFRS 3 vary depending on whether non-controlling interest are being measured at fair value or at their proportionate share of the fair value of the net assets acquired.

This session will cover the consolidation process through practical examples. Differences in the treatment between IFRSs and GAPSME when preparing consolidated financial statements will also be highlighted.

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Roberta West Falzon is a certified public accountant and holds a practising certificate in auditing. She graduated in Bachelor of Commerce and Bachelor of Accountancy (Hons) Degrees from the University of Malta and is a fellow member of the Malta Institute of Accountants. Roberta has also obtained the ACCA Diploma in International Financial Reporting. She is a director at RSM Malta leading several audit assignments for national and international clients operating in different fields. Roberta also delivers technical and professional training. Moreover, Roberta sits on the Malta Institute of Accountants Financial Reporting Committee.

Events Resources

Events resources will be sent by email after the delivery of the event.

Event Details

Day 1: 09/09/2021

Start time: 09:30 CEST

End time: 12:45 CEST

Venue: Online Live Session

Phone: +356 27555560 / +356 77555560