The Grant Thornton International IFRS team has published IFRS Viewpoint – Common control business combinations.

The IFRS Viewpoint series provides insights on applying IFRS in challenging situations. Each edition will focus on an area where the standards have proved difficult to apply or lack guidance.

This edition considers how to account for a common control business combination.

The issue

How should an entity account for a business combination involving entities under common control? This is an important issue because common control business combinations occur frequently but are excluded from the scope of IFRS 3 – the IFRS standard on business combination accounting.


The publication IFRS Viewpoint – Common control business combinations follows this Advisor alert