Page 6 - PowerPoint Presentation
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.
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