Business Combinations | Goodwill Impairment | IFRS 10 | IFRS 3 | Consolidated Financial Statements

Updated video: • International Accounti...
✅For more visit: www.farhatlectures.com
#CPAEXAM #ACCA #accountingstudent
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.
My website: farhatlectures.com/
Facebook page: / accountinglectures
LinkedIn: goo.gl/Pp2ter
Twitter: / farhatlectures
Email Contact: [e-mail]

[@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.

[@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]

[@AdityaModak]

Very Helpful - Thank You

[@AccountingLectures]

You are most welcome. Please subscribe and share.
If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
Connect with me:
Instagram Account: instagram.com/farhatlectures/
Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
Twitter: twitter.com/farhatlectures
Email: [e-mail]

[@sanjaybhandari1976]

Very helpful !!

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
farhatlectures.com/ Connect with me: Instagram Account:
instagram.com/farhatlectures/ Linkedin:
www.linkedin.com/in/professorfarhat/
Facebook:
facebook.com/accountinglectures Twitter:
twitter.com/farhatlectures Email: [e-mail]

[@luvpinas123]

Ooh this is what we learn in Australia!

[@AccountingLectures]

You are welcome. Please subscribe and share the channel on
social media.
Please connect with me:
Instagram: instagram.com/farhatlectures/
LinkedIn: www.linkedin.com/in/professorfarhat/
Facebook: facebook.com/accountinglectures

[@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]

You're welcome! Please check my website for more: ✅www.farhatlectures.com

[@mansoorkhan2858]

Thanks sir......

[@AccountingLectures]

You are welcome. Please subscribe and share the channel on
social media.
Please connect with me:
Instagram: instagram.com/farhatlectures/
LinkedIn: www.linkedin.com/in/professorfarhat/
Facebook: facebook.com/accountinglectures

[@KM-ey5vs]

Thanks

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@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]

Please visit the website for more: www.farhatlectures.com

[@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