IFRS 3 Business Combinations

E453771

Accounting standard Financial reporting standard International Financial Reporting Standard

IFRS 3 Business Combinations is an international accounting standard that sets out the principles and requirements for how companies recognize, measure, and disclose business combinations such as mergers and acquisitions.

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All labels observed (1)

Label	Occurrences
IFRS 3 Business Combinations canonical	1

Statements (60)

Predicate	Object
instanceOf	Accounting standard ⓘ Financial reporting standard ⓘ International Financial Reporting Standard ⓘ
allows	Measurement of non‑controlling interest at fair value ⓘ Measurement of non‑controlling interest at the non‑controlling interest’s proportionate share of the acquiree’s identifiable net assets ⓘ
appliesTo	Acquisitions of businesses ⓘ Business combinations achieved in stages ⓘ Reverse acquisitions ⓘ
corePrinciple	An acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition‑date fair values ⓘ An acquirer shall recognize goodwill or a gain from a bargain purchase ⓘ An acquirer shall recognize the identifiable assets acquired, liabilities assumed and any non‑controlling interest in the acquiree ⓘ
defines	Acquirer ⓘ Acquisition date ⓘ Bargain purchase ⓘ Business ⓘ Business combination ⓘ Contingent consideration ⓘ Goodwill ⓘ Identifiable assets and liabilities ⓘ Non‑controlling interest ⓘ
doesNotApplyTo	Acquisition of an asset group that is not a business ⓘ Combinations of entities under common control ⓘ Formation of a joint venture ⓘ Joint arrangements under IFRS 11 ⓘ
focusesOn	Recognition and measurement at acquisition date ⓘ Subsequent measurement and accounting for business combinations ⓘ
governs	Business combinations ⓘ Mergers and acquisitions accounting ⓘ
issuedBy	IASB NERFINISHED ⓘ International Accounting Standards Board NERFINISHED ⓘ
jurisdiction	Entities applying IFRS Standards worldwide ⓘ
prohibits	Pooling of interests method ⓘ
relatedTo	IAS 36 Impairment of Assets NERFINISHED ⓘ IAS 38 Intangible Assets NERFINISHED ⓘ IFRS 10 Consolidated Financial Statements NERFINISHED ⓘ IFRS 13 Fair Value Measurement NERFINISHED ⓘ IFRS 9 Financial Instruments NERFINISHED ⓘ
requires	Acquisition method of accounting ⓘ Determination of the acquisition date ⓘ Disclosure of information that enables users to evaluate the nature and financial effect of business combinations ⓘ Disclosure of qualitative factors that make up goodwill ⓘ Disclosure of recognized amounts of each major class of assets acquired and liabilities assumed ⓘ Disclosure of revenue and profit or loss of the acquiree since the acquisition date included in the acquirer’s profit or loss ⓘ Disclosure of the acquisition‑date fair value of consideration transferred ⓘ Disclosure of the amount of goodwill recognized ⓘ Disclosure of the primary reasons for the business combination ⓘ Identification of the acquirer ⓘ Measurement of consideration transferred at fair value ⓘ Measurement of identifiable intangible assets at fair value at acquisition date ⓘ Recognition and measurement of goodwill or gain from a bargain purchase ⓘ Recognition and measurement of identifiable assets acquired ⓘ Recognition and measurement of liabilities assumed ⓘ Recognition and measurement of non‑controlling interests ⓘ Recognition of acquisition‑related costs as expenses in the periods in which the costs are incurred ⓘ Recognition of contingent consideration at fair value at acquisition date ⓘ Recognition of remeasurement gain or loss on previously held interest in profit or loss ⓘ Recognition of step acquisitions at fair value of previously held interest at acquisition date ⓘ Separate recognition of identifiable intangible assets from goodwill ⓘ Subsequent measurement of contingent consideration in accordance with IFRS 9 or other applicable IFRS ⓘ
superseded	IAS 22 Business Combinations NERFINISHED ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

International Financial Reporting Standards → hasStandard → IFRS 3 Business Combinations ⓘ