IFRS 3Business Combinations

Workpapers

Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.

How a mission works

Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.

1Objective
2Data
3Documents
4Analysis
5Calculation
6Entries
7Judgment
8Conclusion
9References

L1Foundation(3)

Foundation
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Transaction A — office building
Acquisition of an activity: business or group of assets? Scope exclusions, inputs and processes, concentration test, acquirer and acquisition date · Situation 1 of 3
≈ 60 min
Foundation
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Transaction B — bakery
Acquisition of an activity: business or group of assets? Scope exclusions, inputs and processes, concentration test, acquirer and acquisition date · Situation 2 of 3
≈ 60 min
Foundation
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Transaction C — sister company
Acquisition of an activity: business or group of assets? Scope exclusions, inputs and processes, concentration test, acquirer and acquisition date · Situation 3 of 3
≈ 60 min

L2Intermediate(2)

Intermediate
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Tessaly — 80% of the shares
Purchase price allocation: fair values, deferred tax, non-controlling interest (fair value or proportionate share), goodwill, gain on a bargain purchase and acquisition costs · Situation 1 of 2
≈ 90 min
Intermediate
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Calnor — 100% of the shares
Purchase price allocation: fair values, deferred tax, non-controlling interest (fair value or proportionate share), goodwill, gain on a bargain purchase and acquisition costs · Situation 2 of 2
≈ 90 min

L3Advanced(14)

Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Element A — at acquisition
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 1 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Element A — 31 December 20X6
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 2 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Element C
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 3 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Element B
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 4 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Contingent liability assumed
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 5 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Sellers' indemnity
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 6 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Information received within the period
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 7 of 8
≈ 90 min
Advanced
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Information received after the period
Contingent consideration and measurement period: classification, initial fair value, remeasurement, contingent liability, indemnification asset and retrospective adjustments · Situation 8 of 8
≈ 90 min
Advanced
Step acquisition: remeasurement of the previously held interest, other comprehensive income reclassified, goodwill, pre-existing relationship, remuneration and separate transactions
Mirel — 30% interest
Step acquisition: remeasurement of the previous interest, reclassification of other comprehensive income, goodwill, pre-existing relationship and remuneration for future services · Situation 1 of 3
≈ 75 min
Advanced
Step acquisition: remeasurement of the previously held interest, other comprehensive income reclassified, goodwill, pre-existing relationship, remuneration and separate transactions
Mirel — supply contract
Step acquisition: remeasurement of the previous interest, reclassification of other comprehensive income, goodwill, pre-existing relationship and remuneration for future services · Situation 2 of 3
≈ 75 min
Advanced
Step acquisition: remeasurement of the previously held interest, other comprehensive income reclassified, goodwill, pre-existing relationship, remuneration and separate transactions
Mirel — retention bonus
Step acquisition: remeasurement of the previous interest, reclassification of other comprehensive income, goodwill, pre-existing relationship and remuneration for future services · Situation 3 of 3
≈ 75 min
Advanced
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Mirel — purchase price allocation
Step acquisition: remeasurement of the previous interest, reclassification of other comprehensive income, goodwill, pre-existing relationship and remuneration for future services · Situation 1 of 3
≈ 90 min
Advanced
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Lunel — preliminary valuation
Step acquisition: remeasurement of the previous interest, reclassification of other comprehensive income, goodwill, pre-existing relationship and remuneration for future services · Situation 2 of 3
≈ 90 min
Advanced
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Lunel — revised valuation
Step acquisition: remeasurement of the previous interest, reclassification of other comprehensive income, goodwill, pre-existing relationship and remuneration for future services · Situation 3 of 3
≈ 90 min

L4Expert(15)

Expert
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Tarvel — identification
File of an acquiring group: complex allocation (leases, reacquired rights, replacement awards, employee benefits, liabilities within IAS 37), reverse acquisition in outline, allocation of goodwill and disclosures · Situation 1 of 2
≈ 60 min
Expert
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Pelgrane and Dorvane transaction
File of an acquiring group: complex allocation (leases, reacquired rights, replacement awards, employee benefits, liabilities within IAS 37), reverse acquisition in outline, allocation of goodwill and disclosures · Situation 2 of 2
≈ 60 min
Expert
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Tarvel — lease
File of an acquiring group: complex allocation (leases, reacquired rights, replacement awards, employee benefits, liabilities within IAS 37), reverse acquisition in outline, allocation of goodwill and disclosures · Situation 1 of 2
≈ 90 min
Expert
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Tarvel — Services unit
File of an acquiring group: complex allocation (leases, reacquired rights, replacement awards, employee benefits, liabilities within IAS 37), reverse acquisition in outline, allocation of goodwill and disclosures · Situation 2 of 2
≈ 90 min
Expert
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
File of an acquiring group: complex allocation (leases, reacquired rights, replacement awards, employee benefits, liabilities within IAS 37), reverse acquisition in outline, allocation of goodwill and disclosures
≈ 90 min
Expert
Step acquisition: remeasurement of the previously held interest, other comprehensive income reclassified, goodwill, pre-existing relationship, remuneration and separate transactions
File of an acquiring group: complex allocation (leases, reacquired rights, replacement awards, employee benefits, liabilities within IAS 37), reverse acquisition in outline, allocation of goodwill and disclosures
≈ 75 min
Expert
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Corvel — identification
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 1 of 2
≈ 60 min
Expert
Identifying a business combination: scope of the standard, business or group of assets, common control, acquirer and acquisition date
Plastex — identification
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 2 of 2
≈ 60 min
Expert
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Corvel — purchase price allocation
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 1 of 2
≈ 90 min
Expert
Purchase price allocation: consideration transferred, fair values, deferred tax, non-controlling interest (two methods), goodwill or gain on a bargain purchase and allocation of goodwill
Plastex — purchase price allocation
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 2 of 2
≈ 90 min
Expert
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Deferred price — at acquisition
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 1 of 3
≈ 90 min
Expert
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
Deferred price — 31 December 20X6
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 2 of 3
≈ 90 min
Expert
Contingent consideration and measurement period: classification, initial fair value, remeasurement, retrospective adjustments, contingent liability, indemnification asset, reacquired right and replacement award
February 20X7 customer claim
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 3 of 3
≈ 90 min
Expert
Step acquisition: remeasurement of the previously held interest, other comprehensive income reclassified, goodwill, pre-existing relationship, remuneration and separate transactions
Corvel — 25% interest
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 1 of 2
≈ 75 min
Expert
Step acquisition: remeasurement of the previously held interest, other comprehensive income reclassified, goodwill, pre-existing relationship, remuneration and separate transactions
Corvel — retention bonus
File of a group: identification, purchase price allocation, contingent consideration and step acquisition (IFRS 3) · Situation 2 of 2
≈ 75 min