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Navigating the accounting for business combinations

Andrew Archer Andrew Archer

Navigating the accounting for business combinations:  Applying IFRS 3 in practice


Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer's operations, resources and strategies. For most companies such transactions are infrequent and each is unique.

IFRS 3 Business Combinations (IFRS 3) and IAS 27 Consolidated and Separate Financial Statements (IAS 27), were revised in January 2008 and apply to business combinations occurring on or after 1 July 2009. The revised Standards made major changes to business combination accounting and make this a challenging area in financial reporting.

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