BC82 The boards’ decision that all business combinations within the scope of the revised standards should be accounted for by the acquisition method means that the acquirer must be identified in every business combination.
BC83 The IASB and the FASB separately developed the guidance on identifying the acquirer that appeared in IFRS 3 and SFAS 141, respectively. Paragraphs BC84-BC92 discuss the FASB’s development of the guidance in SFAS 141 and paragraphs BC93-BC101 discuss the IASB’s development of the guidance in IFRS 3. Paragraphs BC102-BC105 discuss the boards’ joint consideration of how to identify the acquirer in a business combination in the second phase of their projects on business combinations.
Developing the guidance in SFAS 141
BC84 SFAS 141’s guidance on identifying the acquirer focused on the types of business combinations included in its scope, which excluded transactions in which one entity obtains control over one or more other entities by means other than tra
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