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IFRS 3: Business CombinationsObjective (para. 1)Scope (paras. 2-2A)Identifying a business combination (para. 3)The acquisition method (paras. 4-53)Subsequent measurement and accounting (paras. 54-58)Disclosures (paras. 59-63)Effective date and transition (paras. 64-67)Reference to IFRS 9 (para. 67A)Withdrawal of IFRS 3 (2004) (para. 68)Appendix A Defined termsAppendix B Application guidanceAppendix C Amendments to other IFRSsApproval by the Board of IFRS 3 issued in January 2008IFRS 3: Basis for ConclusionsBackground informationIntroduction (paras. BC1-BC4)Definition of a business combination (paras. BC5-BC21AC)BC5-BC13Change in terminology (para. BC14)Definition of a business (paras. BC15-BC21)Clarifying the definition of a business (paras. BC21A-BC21AC)Method of accounting for business combinations (paras. BC22-BC57)BC22-BC23Reasons for adopting the acquisition method (paras. BC24-BC28)Reasons for rejecting the pooling method (paras. BC29-BC54)The fresh start method (paras. BC55-BC57)Scope (para. BC58-BC79)BC58Joint ventures and combinations of entities under common control (paras. BC59-BC61)Not‑for‑profit organisations (paras. BC62-BC63)Combinations of mutual entities (paras. BC64-BC77)Combinations achieved by contract alone (paras. BC78-BC79)Applying the acquisition method (paras. BC80-BC400)BC80-BC81Identifying the acquirer (paras. BC82-BC105)Determining the acquisition date (paras. BC106-BC110)Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non‑controlling interest in the acquiree (paras. BC111-BC311)Recognising and measuring goodwill or a gain from a bargain purchase (paras. BC312-BC382)Additional guidance for particular types of business combinations (paras. BC383-BC389)Measurement period (paras. BC390-BC400)Disclosures (paras. BC401-BC428)BC401-BC402Disclosure requirements of SFAS 141 (paras. BC403-BC410)Disclosure requirements of IFRS 3 (paras. BC411-BC418)Disclosure requirements of the revised standards (paras. BC419-BC422)Disclosure of information about post-combination revenue and profit or loss of the acquiree (paras. BC423-BC428)Effective date and transition (paras. BC429-BC434F)BC429-BC432Effective date and transition for combinations of mutual entities or by contract alone (paras. BC433-BC434)Transition requirements for contingent consideration from a business combination that occurred before the effective date of IFRS 3 (as revised in 2008) (paras. BC434A-BC434C)Effective date and transition for clarifications of the accounting for contingent consideration that arises from business combinations (para. BC434D)Scope exceptions for joint ventures (para. BC434E)Previously held interest in a joint operation (amendments issued in December 2017) (para. BC434F)Amendments issued in May 2020 (paras. BC434G-BC434H)Benefits and costs (paras. BC435-BC439)Appendix - Amendments to the Basis for Conclusions on other IFRSsDissenting opinionsIFRS 3: Illustrative Examples
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Version date: 22 October 2018 - onwards
Version 2 of 2

Appendix A Defined terms

This appendix is an integral part of the IFRS.

"acquiree"

The business or businesses that the acquirer obtains control of in a business combination.

"acquirer"

The entity that obtains control of the acquiree.

"acquisition date"

The date on which the acquirer obtains control of the acquiree.

"business"

An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income (such as dividends or interest) or generating other income from ordinary activities.

"business combination"

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