IFRS 3 should be read in the context of its objective and the Basis for Conclusions, the Preface to IFRS Standards and the Conceptual Framework for Financial Reporting. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.

IFRS 3 establishes principles and requirements for how an acquirer in a business combination: determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination.

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 provides an introduction to IFRS® 3, Business Combinations and IFRS, 10 Consolidated Financial Statements, including piecemeal acquisitions and disposals.

IFRS 3®, Business Combinations was issued in January 2008 as the second phase of a joint project with the Financial Accounting Standards Board (FASB), the US standards setter, and is designed to improve financial reporting and international convergence in this area.

IFRS 3 (as revised in 2008) defines a business combination as “a transaction or other event in which an acquirer obtains control of one or more businesses”. In addition, IFRS 3 (as revised in 2008) refers to IFRS 10 for the meaning of the term ‘control’.

2021年2月9日 · This article provides a high-level overview of IFRS 3 and explains the key steps in accounting for business combinations in accordance with this Standard.

2024年11月18日 · Under IFRS 3, business combinations must be accounted for using the acquisition method, which comprises the following steps (IFRS 3.4-5): Identifying the acquirer. Determining the acquisition date. Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the entity being acquired.

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.

2009年7月1日 · IFRS 3 clarifies how to identify business combination. It prescribes the acquisition method in accounting for business combination. Applying the acquisition method comprises 4 steps: Identifying the acquirer. Determining the acquisition date.