Page 6 - Finac2 Test 1 Slides - 2. Business Combinations
P. 6

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS




            Key Issue









            • IFRS 3 deals with accounting for a business

                combination



                    • on date of acquisition and


                    • outlines the principles on how to account for:

                           • identifiable assets acquired and liabilities assumed


                           • non-controlling interests

                           • goodwill or gain from a bargain purchase

                           • taking into account certain exceptions to recognition,

                              measurement and classification principles as established in

                              other IFRS standards.








                                                                                                                                       6
   1   2   3   4   5   6   7   8   9   10   11