Mergers and acquisitions are becoming more common as entities aim to achieve their growth objectives. They can have a fundamental impact on the acquirer’s operations, resources and strategies. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice.

Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.

Identifying a business combination

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Identifying the acquirer

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Identifying the acquisition date

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Definition of a Business

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The acquisition method at a glance

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Coming soon

Business combinations under common control

Reverse acquisitions in the scope of IFRS 3

Reverse acquisitions out of scope of IFRS 3

Recognition principles

Measurement principles

Specific recognition and measurement provisions

Recognising and measuring NCI

Consideration transferred

Adjustments for transactions not part of the business combination

Recognising and measuring goodwill or a gain from a bargain purchase

Accounting after acquisition date

Presentation and disclosures requirements