Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Business Administration => Topic started by: hassan on April 20, 2017, 07:20:04 AM

Title: Method of accounting for business combinations Acquisition method
Post by: hassan on April 20, 2017, 07:20:04 AM

The acquisition method (called the 'purchase method' in the 2004 version of IFRS 3) is used for all business combinations. [IFRS 3.4]

Steps in applying the acquisition method are: [IFRS 3.5]

Identification of the 'acquirer' Determination of the 'acquisition date' Recognition and measurement of the identifiable assets acquired, the liabilities assumed and any non-controlling interest (NCI, formerly called minority interest) in the acquiree Recognition and measurement of goodwill or a gain from a bargain purchase

Title: Re: Method of accounting for business combinations Acquisition method
Post by: azizur.bba on April 21, 2017, 09:15:11 PM

thanks and Keep sharing