Navigating the Accounting for Business Combinations - Applying IFRS 3

GTI IFRS Team issues Navigating the accounting for business combinations - Applying IFRS 3 in practice

Navigating the accounting for business combinations has been developed as an external publication by Grant Thornton International IFRS Team.  This publication aims to assist management in:

• planning and negotiating the terms of the business combinations - identifying how alternative deal strategies can affect an acquirer's reported results and financial position;
• preparing to report the effects of the transaction - by noting key information requirements, accounting policy options and areas where specialist advice might be needed; and,
• applying IFRS 3 - by summarizing the requirements, using extensive examples to explain their application and highlighting possible problem areas.