BC411 IFRS 3 identified three objectives that its disclosure requirements were intended to meet, specifically, to provide the users of an acquirer’s financial statements with information that enables them to evaluate:
(a) the nature and financial effect of business combinations that were effected during the reporting period or after the balance sheet date but before the financial statements were authorised for issue.
(b) the financial effects of gains, losses, error corrections and other adjustments recognised in the current period that relate to business combinations that were effected in the current period or in previous periods.
(c) changes in the carrying amount of goodwill during the period.
BC412 The IASB began its discussion of the disclosure requirements necessary to meet the objectives by assessing the disclosure requirements in SIC‑28 Business Combinations - "Date of Exchange" and Fair Value of Equity Instruments and IAS 22. The IASB concluded that information disclosed i
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