Increasing capabilities, gaining a competitive advantage or larger market share, conquering a new location for expanded potential markets, diversifying products and services, replacing leadership, and acquiring synergy are the most common reasons for the popularity of business combination as a business strategy. 

This course provides learners a comprehensive understanding of and application of the accounting principles relating to mergers and acquisition, investment in associate, and joint arrangements, and preparation of consolidated financial statements. Learners are expected to record acquisition of an existing entity, prepare consolidated financial statements, and present the effects of business combination, joint arrangement transactions and transactions between the investor and an associate in both the separate and consolidated financial statements of the acquirer/investor.