COURSE OBJECTIVES: This course looks at mergers, covering best practice in relation to due diligence and financial reporting implications.
COURSE CONTENT
Specifically, the course will cover the following:
- A summary of the different types of merger that have occurred in the HA sector, what distinguishes them and why the approach to both due diligence and accounting should be different depending on the type. This will include combinations involving similar sized entities, those where strong groups take over Associations with challenges, and those where small organisations join into larger groups but continue to enjoy some autonomy.
- The objectives for due diligence and practical routes to meet these objectives. Some suggestions on how an Association should decide how comprehensive the due diligence process should be.
- When it might be sensible to perform due diligence in-house and when an external firm might be involved, under close supervision. This session will also consider how to make the most use of the due diligence information arising.
- The accounting implications for the different routes of combination; transfer of engagements, amalgamations, entering into group structures. When merger accounting can be applied and what this means. When acquisition accounting is appropriate, including the main areas where fair value adjustments are likely to be applicable. This session will also cover what will happen to these adjustments in future periods.
- Discussion of the changes brought about by the 2010 SORP and the proposals within the draft Financial Reporting Standard for Public Benefit Entities.
WHO SHOULD ATTEND
This course is for staff who have responsibility for delivering due diligence or financial reporting connecting with mergers of registered providers of social housing.
Would you like this course run in-house? Call us on 0207 566 8207 to find out more