Ateneo - UPO

Business combinations and IFRS3 - 2 CFU

The International Financial Reporting Standard IFRS 3
Further material (slides, case studies, articles) and information can be found in the moodle page of the course.

1. Knowledge and understanding: The students will know and understand the methods, tools and main problems related to business combinations and IFRS3. Frontal teaching activity and practical applications will allow the students to realize which are the most appropriate IFRS3 methods. Moreover, the students will be able to understand the relationships between the standard and the businessn combinations. 2. Applying knowledge and understanding: The students will acquire the capacity to apply the acquired knowledge and the principles of IFRS3. Discussion of case studies will allow students to professionally deal with valuation assignments, performing a proper fundamental analysis and eventually finalizing the valuation. 3. Making judgements: The students will develop independent judgement capacity, critical thinking and ability to relate theoretical topics to applications. In comparing theoretical tools and practical applications, the students will acquire capacity of reflection and interpretation of information needed to manage the business combinations under IFRS3. Building on these knowledge and understanding they will be able to deliver professional valuations in real situations, building their own judgement on strong economic, financial and ethical foundations. 4. Communication skills: The students will acquire mastership of expression and proper technical language for business valuations. The development of these communication skills will make the students capable of articulating in a proper format professional valuations. 5. Learning skills: The students will acquire a high level of learning ability that will make them autonomous in developing their own technical and practical knowledge. Specifically the students will be able to face the upcoming challenges in their professional careers and in the rest of their academic life, also being able to individually analyse in depth specific topics related to business valuation.

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Frontal teaching and business cases and exercises. Classroom activities are in-person, involve frontal teaching and interaction, with student participation encouraged. Each credit requires 7.5 hours of classroom time and 17.5 hours of self-study.

Class attendance is voluntary (not mandatory), but recommended. Students with physical disabilities, Learning Disabilities or Special Education Needs can request specific services and tools via the Staff Sviluppo e Coordinamento Carriere e Servizi alle Studentesse e agli Studenti, consulting the University webpage: https://www.uniupo.it/en/services/servicesstudents-physical-or-learning-disabilities Students with disabilities, learning disabilities or special education needs, once they have contacted the University Staff, can refer to the tutor in charge of the course to define the examination modalities, concerning academic aspects.

The outcome of the learning process is checked through written exams, whereby the students will be required to articulate relevant topics discussed in the course, providing evidence of the acquired knowledge by means of answers to open questions of theoretical and/or applied nature. The theoretical questions follow the same format as those in the "Examples of Questions for the Exam" file available on Moodle. The application-based questions are structured like the case studies—and their corresponding solutions —found on Moodle. To achieve a passing grade, students must have mastered at least the fundamental concepts about IFRS3. To achieve an excellent grade, students must demonstrate a thorough understanding of not only the fundamentals but also the more detailed and technical aspects, understanding nuances and fully articulating their thinking in the exams.

IFRS3: objective - scope - acquisition method: identifying the acquirer, determining the acquisition date, recognising and measuring the identifiable assets acquired, the liabilities assumed, recognising and measuring goodwill or a gain from a bargain purchase - disclosure

The participants to the course are expected to gain an understanding of the knowledge of the main application methods of IFRS3 in business combinations.