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The Grant Thornton International IFRS team has published three Insights into IFRS 3.
Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies. For most entities, such transactions are infrequent and each one is unique. IFRS 3 Business Combinations contains the requirements for these transactions, which are challenging in practice. The standard itself has been in place for more than 10 years now and has undergone a post-implementation review by the IASB.
The Insights into IFRS 3 series summarizes 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.
The next three publications in the Insights into IFRS 3 series present guidance on IFRS 3’s requirements for recognizing and measuring non-controlling interests (NCI), determining and measuring the amount of consideration transferred, and determining what is part of a business combination in cases where there are other transactions and arrangements between parties:
- Insights into IFRS 3 – Recognising and measuring non-controlling interests;
- Insights into IFRS 3 – Consideration transferred;
- Insights into IFRS 3 – Determining what is part of a business combination transaction.
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Download the document adviser-alert_insights-into-ifrs-3_nov-2023_p
Insights into IFRS 3 Business Combinations | November 2023