COURSE INTRODUCTION
On 8 January 2010, the MASB issued the revised FRS 3, Business Combinations and the revised FRS 127, Consolidated and Separate Financial Statements. These revised standards are effective for business combinations consummated beginning on or after 1 July 2010. The revised standards bring about significant changes to the current practice on business combinations and consolidation. Non-controlling interests (NCI) may now be measured at acquisition-date fair value and hence goodwill on combination includes a portion attributable to the NCI. For a step-acquisition, the revised standard requires a remeasurement of any previously held equity stake with change in value recognised in profit or loss. Also, a disposal or decrease in stake that does not result in a loss of control can no longer be treated as a deemed disposal. Losses are attributed to the NCI even if the attribution results in a debit NCI in the statement of financial position.
TARGET AUDIENCE
Financial Controllers, Auditors, Academicians, Finance Managers, Fund Managers, Investment , Company Secretaries, Accountants & Preparers of Group Accounts.
Date: 19 Jul 2010 | Time: 0900 - 1700 Hours | Venue: Crystal Crown Hotel, Petaling Jaya | Facilitators: Mr. Tan Liong Tong & Mr. Ooi Soon Kiam
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