IFRS 3 Business Combinations Flashcards
1
Q
Transcation or event
A
net assets, share acquistion, legal mergers, reverse acquistion
2
Q
Acquirer
A
3
Q
Control over business
A
rights to variable returns, power
4
Q
Not apply
A
joint arranegment, not meet definiton of business, common control
5
Q
Activities that signfciantly affects investee’s returns
A
6
Q
Principal or agent
A
7
Q
Business
A
integrated assets and activities to generate income.
8
Q
Acquistion method
A
9
Q
Goodwill
A
10
Q
Consideration
A
11
Q
NCI
A
12
Q
bargain purchase
A
13
Q
Measurement period
A
14
Q
Fair value
A
15
Q
Exceptions
A
16
Q
Expensed costs
A
17
Q
Business combination in stages
A
18
Q
Without transfer of consideration
A
19
Q
Subsequent Measurement and Accounting
A
