Insights into IFRS 3

This Insight covers IFRS 3's disclosure requirements.

This Insight covers the requirements when the business combination accounting is incomplete at the reporting date.

IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice. While not a new Standard, it is still highly referred to in practice. This article discusses accounting after the acquisition date.

This article discusses how goodwill, or a gain from a bargain purchase is initially recognised and measured under IFRS 3, which represents the final step of applying the acquisition method.

Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret.

This article discusses the main practical issues affecting consideration transferred, using examples to illustrate some of the requirements.

Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret.

An overview of IFRS 3’s recognition and measurement principles.

How should the identifiable assets and liabilities be measured?

IFRS 3 has specific guidance on how some items are recognised and measured. This article summarises this specific guidance and provides examples to illustrate its application.

This article focuses on reverse acquisitions within the scope of IFRS 3.

What is a reverse acquisition and how do you account for it?

Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice.

Business combinations are infrequent transactions that are unique for each occurrence. IFRS 3 ‘Business Combinations’ contains the requirements and despite being fairly stable in the ten years since its been released, still provides challenges when accounting for these transactions in practice.

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’.

As one of the most referred to Standards, IFRS 3 has been in place for more than ten years and has undergone a post-implementation review by the IASB.