Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard. This article discusses the requirements when the business combination accounting is incomplete at the reporting date. In this article we discuss the use of provisional amounts at the reporting date, and explain the measurement period and related adjustments, with an illustrative example setting out how measurement period adjustments are reported.
We hope you find the information in this article helpful in giving you some insight into IFRS 3. If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or visit www.grantthornton.global/locations to find your local member firm.
