Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are known as mergers or business combinations which should be accounted for using the requirements in IFRS 3 ‘Business Combinations’.

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. This article discusses how to identify the date of acquisition or the date the business combination is effected.

This article should be read closely with our other ‘identification’ articles:

  • Insights into IFRS 3 – Identifying a business combination within the scope of IFRS 3
  • Insights into IFRS 3 – Identifying an acquirer


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