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.
In order to determine if the guidance of IFRS 3 should be applied to the acquisition of an asset or a group of assets, an entity should first identify if the asset or group of assets acquired represents a business combination. If the entity concludes it is a business combination, it should then ensure the business combination transaction falls within the scope of IFRS 3. This article sets out how an entity should determine if the transaction is a business combination, and whether it is within the scope of IFRS 3.
This article should be read closely with our other ‘identification’ articles:
Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives.
Subscribe to receive relevant and timely information and event invitations.
This website uses cookies to provide necessary site functionality, monitor performance, give you access to products and services that are most relevant to you, and improve the online user experience. For further information about how we use cookies, please visit our Privacy Statement. For information on how to adjust your cookie preferences including how to delete cookies, please consult your browser’s “Help” function.
