Explore the key requirements on how to account for business combinations in this article. It helps preparers to focus on the important considerations as required in IFRS 3.
IFRS 3
Posted inFinancial Accounting
Factsheet Series: Accounting for Business Combinations in IFRS 3 (Part 1)
The article summarises the accounting for business combinations in IFRS 3. This Part 1 explains the concept and how we determine a business combination.