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IFRS 3 Business combinations

IFRS 3 Business Combinations provides guidance on the accounting treatment on the acquisition of a business.

IFRS 3 Business Combinations

This factsheet explains how to determine whether a transaction is within the scope of IFRS 3 and provides an overview of the acquisition method. It also provides a summary of the standard’s disclosure requirements.

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Summary and timeline

Looking for the synopsis? Our IFRS 3 summary and timeline features information on current proposals and a timeline of IASB updates.

Recent amendments

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These resources are available exclusively to Corporate Reporting Faculty subscribers, ICAEW members and students.

Related IFRIC interpretations

UK reduced disclosures – FRS 101

UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Our FRS 101 page gives more information on which entities qualify and the criteria to be met.

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These resources are available exclusively to Corporate Reporting Faculty subscribers, ICAEW members and students.

ICAEW factsheets and guides

The Corporate Reporting Faculty's annual IFRS factsheets provide a more detailed discussion of recent IFRS amendments.

The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

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