Table of Contents
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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