BC106 IFRS 3 and SFAS 141 carried forward without reconsideration the provisions of IAS 22 and APB Opinion 16, respectively, on determining the acquisition date. With one exception that applies only to SFAS 141 (see paragraphs BC108-BC110), that guidance resulted in the same acquisition date as the guidance in the revised standards.
BC107 In both IFRS 3 and SFAS 141, the guidance on the acquisition date, which IFRS 3 also referred to as the exchange date, was incorporated within the guidance on determining the cost of the acquisition rather than being stated separately. The revised standards clarify the acquisition‑date guidance to make explicit that the acquisition date is the date that the acquirer obtains control of the acquiree. Paragraphs BC338-BC342 discuss the related issue of the measurement date for equity securities transferred as consideration in a business combination and the changes the revised standards make to the previous requirements on that issue.
BC108 The FASB als
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