01 Dec 2015 1 min read
Overview
The Grant Thornton International IFRS team has published IFRS Viewpoint—Acquisition of investment properties-asset purchase or business combination?
The IFRS Viewpoint series provides insights on applying IFRS in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance.
This edition considers whether the purchase of an investment property is accounted for as a business combination or as an asset acquisition.
The issue
When should a purchase of investment property (or properties) be accounted for as a business combination, and when as a simple asset purchase? This is an important issue because the IFRS accounting requirements for a business combination are very different from asset purchases.
Learn how to determine the transaction price under Step 3 of IFRS 15's five-step revenue recognition model, including key considerations for customer contracts and financial reporting.
Share-based payments have become increasingly popular over the years, with many entities using equity instruments or cash and other assets based on the value of equity instruments as a form of payment to directors, senior management, employees, and other suppliers of goods and services.
Share-based payment transactions with non-employees involve compensating parties other than employees, such as suppliers of goods and services.
Get the latest information in your inbox.
Subscribe to receive relevant and timely information and event invitations.
