Learning Goals Flashcards
Understand fair value accounting and its implications for the shareholder (and debtholder) (1)
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Understand when fair value accounting makes sense (1)
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Know the accounting basics for business combinations and PPA (1)
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Understand what goodwill is and how it is measured (1)
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Understand how goodwill accounting influences future profits (1)
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Be able to criticize the current fair value requirements and accounting for goodwill (1)
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Understand the IFRS 13 Fair Value Measurement Concept (2)
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Understand the different approaches of measuring assets and liabilities (2)
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Understand the application of highest and best use (2)
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Understand the application of principal and most advantages market (2)
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Understand the application and meaning of the fair value hierarchy (2)
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Understand which valuation technique is applied when (2)
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Be able to apply the acquisition method for business combinations (3)
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Understand the difference between full and partial goodwill accounting (3)
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Understand the accounting treatment of assets and liabilities acquired in business combination (3)
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Understand the concept of control for business combinations (3)
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Understand why control matters (4)
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Understand the value of control (4)
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Understand and be able to apply the accounting for intangibles (5)
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Know the recognition criteria and be able to apply them for companies involved and not involved in business combinations (5)
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Understanding the different valuation approaches (6)
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Being able to apply the valuation techniques (6)
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Being able to calculate the TAB (6)
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Understanding the difference between “return of” and “return on” (6)
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Being able to apply a reasonability check (relationship between WARA and WACC) (6)
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