Session Overview

Objectives

This is a practical case study-based course which will act as an update and reminder about the accounting issues surrounding acquisitions and disposals in the context of FRS 102. Professional bodies are very concerned at the lack of detailed knowledge and understanding of accountants acting as preparers or auditors in this increasingly specialised area!

Topics

This course will cover:

  • Calculation of goodwill as part of a fair value exercise – including the recognition of intangible assets
  • Dealing with negative goodwill – and the steps to be taken before recognising it
  • Accounting for deferred and contingent consideration
  • Calculation and disclosure of non-controlling (minority) interests
  • Accounting for acquisition costs
  • Piecemeal acquisitions
  • Disposals and part disposals

Speaker

Guy Loveday

Guy is a partner in the Professional Training Partnership and a director of PTP limited.

He is a member of the lecturing panels for the Institute of Chartered Accountants in England and Wales and the Chartered Association of Certified Accountants. He specialises in Auditing and Financial Reporting updates (new UK GAAP, IFRS and US GAAP) for accountants in practice and in industry, and in finance courses for members of the wider financial community. He also provides a consultancy service to assist companies in preparing their annual financial statements and performs desk top reviews of published accounts for all sizes and types of company. Guy makes occasional television appearances and co-presents Accounting TV, a quarterly on-line programme, with Giles Mooney. Guy was a founder member of the Lou Reed fan club, set up in 1971, has contributed to books about Lou Reed and met him on several occasions.