Accounting for business combinations can be quite complex; therefore, it’s important to understand the basic key concepts! In this CPE-eligible, eLearning course (1.0 CPE) we cover the definition of a business and the scope of IFRS 3, discussing the difference between the accounting for business combinations as compared to asset acquisitions. The course then provides an overview of the 4-step acquisition method before jumping into the details of the first two steps, identifying the acquirer and determining the acquisition date, which are all about control! If you’re new to accounting for business combinations under IFRS, this course is a great place to start!