Factsheet Series: Accounting for business combinations in IFRS 3 (Part 1)

Originally published at: Factsheet Series: Accounting for business combinations in IFRS 3 (Part 1)

Is all business acquisition considered a business combination in IFRS 3 or an asset acquisition? This article helps you to determine whether a business acquisition constitutes a business combination and hence, subject to the financial reporting requirements in IFRS 3.