Statements (47)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:standard
|
| gptkbp:bfsLayer |
3
|
| gptkbp:bfsParent |
gptkb:standard
|
| gptkbp:amended_by |
gptkb:IFRS_10
|
| gptkbp:applies_to |
business combinations
|
| gptkbp:appointed_by |
gptkb:International_Accounting_Standards_Board
|
| gptkbp:business_model |
transaction or event in which an acquirer obtains control of a business
|
| gptkbp:criteria |
identifiable assets and liabilities
|
| gptkbp:economic_impact |
influences the amount of goodwill recognized
may affect deferred tax assets and liabilities |
| gptkbp:effective_date |
1 July 2009
|
| gptkbp:financial_performance |
affects goodwill and non-controlling interests
important for financial analysis of companies improves transparency in financial reporting |
| gptkbp:global_presence |
widely adopted by countries following IFRS
|
| gptkbp:historical_context |
developed in response to the need for consistent reporting
|
| https://www.w3.org/2000/01/rdf-schema#label |
IFRS 3
|
| gptkbp:impact |
important for investors and analysts
|
| gptkbp:includes_provisions_for |
not applicable to joint ventures
|
| gptkbp:is_compared_to |
similar but with key differences
|
| gptkbp:is_implemented_in |
complexity in determining fair value
|
| gptkbp:is_monitored_by |
either fair value or proportionate share
|
| gptkbp:is_reviewed_by |
subject to periodic review by IASB
|
| gptkbp:key |
control, acquisition date, fair value
|
| gptkbp:measures |
up to one year after acquisition
|
| gptkbp:migration |
retrospective application
|
| gptkbp:net_worth |
affects valuation of acquired companies
excess of purchase price over net identifiable assets |
| gptkbp:objective |
applies to all business combinations
|
| gptkbp:outcome |
used in various high-profile mergers
|
| gptkbp:performed_by |
adoption of best practices in reporting
|
| gptkbp:population_trend |
evolving with changes in business practices
|
| gptkbp:provides_information_on |
provides guidance on accounting for business combinations
|
| gptkbp:regulatory_compliance |
part of the broader regulatory framework for financial reporting
requires auditors to assess compliance |
| gptkbp:related_concept |
IFRS 10, IFRS 11, IFRS 12
|
| gptkbp:related_to |
mergers and acquisitions
|
| gptkbp:replaced_by |
IFRS 3 (2004)
|
| gptkbp:reports_to |
information about the acquired business
|
| gptkbp:requires |
acquisition method for business combinations
|
| gptkbp:set_in |
affects transactions between related parties
|
| gptkbp:social_responsibility |
mixed reactions from stakeholders
|
| gptkbp:sponsor |
requires engagement with stakeholders during implementation
|
| gptkbp:subject |
ongoing research on business combinations
|
| gptkbp:title |
Business Combinations
|
| gptkbp:training |
requires training for accountants and auditors
|
| gptkbp:updates |
subject to updates by IASB
|