International GAAP 2021

Chapter 9Business combinations

• 1 INTRODUCTION
  • 1.1 IFRS 3 (as revised in 2008) and subsequent amendments
    • 1.1.1 Post-implementation review
• 2 SCOPE OF IFRS 3
  • 2.1 Mutual entities
  • 2.2 Arrangements out of scope of IFRS 3
    • 2.2.1 Formation of a joint arrangement
    • 2.2.2 Acquisition of an asset or a group of assets that does not constitute a business
    • 2.2.3 Business combinations under common control
• 3 IDENTIFYING A BUSINESS COMBINATION
  • 3.1 Identifying a business combination
  • 3.2 Definition of a business
    • 3.2.1 Inputs, processes and outputs
    • 3.2.2 Assessment whether acquired set of activities and assets constitutes a business
    • 3.2.3 Concentration test
    • 3.2.4 Assessing whether an acquired process is substantive
    • 3.2.5 ‘Capable of’ from the viewpoint of a market participant
    • 3.2.6 Identifying business combinations
    • 3.2.7 Development stage entities
• 4 ACQUISITION METHOD OF ACCOUNTING
  • 4.1 Identifying the acquirer
    • 4.1.1 New entity formed to effect a business combination
    • 4.1.2 Stapling arrangements
  • 4.2 Determining the acquisition date
• 5 RECOGNITION AND MEASUREMENT OF ASSETS ACQUIRED, LIABILITIES ASSUMED AND NON-CONTROLLING INTERESTS
  • 5.1 General principles
  • 5.2 Recognising identifiable assets acquired and liabilities assumed
    • 5.2.1 Amendments to IFRS 3 – Reference to the Conceptual Framework (effective on or after 1 January 2022)
  • 5.3 Acquisition-date fair values of identifiable assets acquired and liabilities assumed
  • 5.4 Classifying or designating identifiable assets acquired ...