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!

[@antonmursid3505]

Antonmursid🙏🙏🙏🙏🙏✌💝👌😂🇸🇬🇸🇬🇸🇬🇸🇬🇸🇬✌💝👌🙏🙌

[@ramanuja21]

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

[@AccountingLectures]

Glad it was helpful! Thank you and please visit the website for more farhatlectures.com/ Start your free trial! Contact me for more: LinkedIn: www.linkedin.com/in/professorfarhat. Facebook: facebook.com/farhatlectures Instagram: instagram.com/farhatlectures/?hl=en Reddit: www.reddit.com/user/Farhatlectures

[@aaroacademy]

Thank you for this Presentation. Much appreciated.

[@simokhwang51]

you are the best sir God bless you.

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[@AdityaModak]

Very Helpful - Thank You

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[@sanjaybhandari1976]

Very helpful !!

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[@luvpinas123]

Ooh this is what we learn in Australia!

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[@larnebooysens6169]

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

[@AccountingLectures]

You're welcome! Thank You. For more, visit my website at: www.farhatlectures.com

[@sylviamercy8339]

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

[@mohammedembabi571]

thank you sir.

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: [e-mail]

[@salmanansari7843]

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

[@islamahmad6105]

Thank you.

[@AccountingLectures]

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[@mansoorkhan2858]

Thanks sir......

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[@KM-ey5vs]

Thanks

[@AccountingLectures]

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[@xrisug]

Thank you so much Sir!

[@AccountingLectures]

YOu are welcome. Check my website for more: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: [e-mail]

[@nahommillion514]

Can calalulat 100 % Goodwill

[@innocentithindi9363]

15:24 Goodwill

[@AccountingLectures]

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[@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) ?

[@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