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The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging.
The IASB has issued amendments that requre deferred tax to be recognized when a transaction has equal amounts of taxable and deductible temporary differences.
The International Accounting Standards Board (IASB) has issued ‘Deferred Tax related to Assets and Liabilities arising from a Single Transaction’ (Amendments to IAS 12).
Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. Find out more.
Business combinations are infrequent transactions that are unique for each occurrence. IFRS 3 ‘Business Combinations’ contains the requirements and despite being fairly stable in the ten years since it’s been released, still provides challenges when accounting for these transactions in practice.
IFRS 13 ‘Fair Value Measurement’ explains how to measure fair value by providing clear definitions and introducing a single set of requirements for almost all fair value measurements.
Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. Find out more.
Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are known as mergers or business combinations which should be accounted for using the requirements in IFRS 3 ‘Business Combinations’.