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Insights into IFRS 3 – Recognition and measurement principles

Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies.

For most entities, such transactions are infrequent and each one is unique. IFRS 3 Business Combinations contains the requirements for these transactions, which are challenging in practice.

The standard itself has been in place for more than 10 years now and has undergone a post-implementation review by the IASB. It is one of the most referred to standards currently issued.

The Insights into IFRS 3 series summarizes the key areas of the standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.

The next three publications in the Insights into IFRS 3 series discuss the recognition and measurement principles:

  • Recognition principle;
  • How should the identifiable assets and liabilities be measured?
  • Specific recognition and measurement provisions.

The publications mentioned above follow this IFRS Adviser Alert.

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