SlideShare ist ein Scribd-Unternehmen logo

IFRS 3 Business Combinations Guide

‱
‱
Nirmal Ghorawat
Nirmal Ghorawat

http://canirmalg.wordpress.com/2010/06/02/ifrs-3-business-combinations/

Wirtschaft & Finanzen
1 von 22
IFRS 3 BUSINESS COMBINATIONS Presented By: CA. NIRMAL GHORAWAT B. Com (Hons), ACA
OBJECTIVE ,[object Object],August 30, 2010 CA. Nirmal Ghorawat
CORE PRINCIPLE ,[object Object],August 30, 2010 CA. Nirmal Ghorawat
SCOPE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
DEFINITION - BUSINESS ,[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
RECOGNITION – ACQUIRER’S PERSPECTIVE ,[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat Goodwill on Acquisition is recognised and Subsequently tested for Impairment at reporting date annually rather than amortised.
IFRS 3 : APPLICATION SUMMARY August 30, 2010 CA. Nirmal Ghorawat
IDENTIFY THE ACQUIRER ,[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
HOW TO IDENTIFY THE ACQUIRER? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
HOW TO IDENTIFY THE ACQUIRER? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
MEASURE THE COST OF BUSINESS COMBINATION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
DEFINITIONS – COST OF BUS. COM. August 30, 2010 CA. Nirmal Ghorawat Acquisition Date Date on which Acquirer Effectively obtains ‘Control’ of the Acquiree. Directly Attributable Costs Includes – Professional fees paid to Accountants, Legal Advisors, Valuers and other Consultants to effect Business Combination. Excludes – General Administration Costs, etc. not specifically linked to a Business Combination Fair Value The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm length’s transaction.
ALLOCATE THE COST TO ASSETS, LIABILITIES ON ACQUISITION DATE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat Exception: Non-current Assets (or Disposal Groups) that are classified as Held for Sale as per IFRS 5 shall be recognised At Fair Value Less Costs to Sell .
ALLOCATE THE COST TO ASSETS, LIABILITIES ON ACQUISITION DATE ,[object Object],August 30, 2010 CA. Nirmal Ghorawat
RECOGNITION OF INCOME OF ACQUIREE ,[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
RECOGNITION OF GOODWILL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
BARGAIN PURCHASE ,[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
DISCLOSURE – BY ACQUIRER ,[object Object],[object Object],[object Object],[object Object],[object Object],August 30, 2010 CA. Nirmal Ghorawat
SIGNIFICANT DIFFERENCES WITH INDIAN GAAP August 30, 2010 CA. Nirmal Ghorawat
SIGNIFICANT DIFFERENCES August 30, 2010 CA. Nirmal Ghorawat IFRS Indian GAAP Literature IFRS 3 – Business Combinations AS 14 – Accounting for Amalgamations Scope Wide - Covers all forms of Business Combination irrespective of legal form. Limited – Covers only Mergers & Amalgamation. Method of Accounting Only PURCHASE Method Pooling of Interest for Mergers Purchase Method for Amalgamation
SIGNIFICANT DIFFERENCES August 30, 2010 CA. Nirmal Ghorawat IFRS Indian GAAP Recognition of Assets and Liabilities of Acquiree at Fair Value of identifiable assets and liabilities (including Contingent Liabilities) Amalgamation – Choice of Book Value or Fair Value Merger – at Book Value including Reserves Treatment of Negative Goodwill ,[object Object],[object Object],Recognise as Capital Reserve. Treatment of Goodwill No AMORTISATION. Tested for Impairment at least annually. Amalgamation- Amortised over a period of not more than 5 years. M & A – Tested for Impairment as per AS 29
August 30, 2010 CA. Nirmal Ghorawat

Empfohlen

IFRS 3: Business combination
IFRS 3: Business combination IFRS 3: Business combination
IFRS 3: Business combination Sanaullahsani1
 
Ifrs 3 business combinations
Ifrs 3 business combinationsIfrs 3 business combinations
Ifrs 3 business combinationsSohan Al Akbar
 
Ifrs 3 business combinations
Ifrs 3 business combinationsIfrs 3 business combinations
Ifrs 3 business combinationsSohan Al Akbar
 
New ifrs 11 joint arrangements & associates
New ifrs 11 joint arrangements & associatesNew ifrs 11 joint arrangements & associates
New ifrs 11 joint arrangements & associatesESHETIE MEKONENE AMARE
 
Ind as 19
Ind as 19Ind as 19
Ind as 19Mohit Goyal
 
IFRS 8 Operating Segments
IFRS 8 Operating SegmentsIFRS 8 Operating Segments
IFRS 8 Operating SegmentsNirmal Ghorawat
 
Ias 12 Income Taxes
Ias 12 Income TaxesIas 12 Income Taxes
Ias 12 Income Taxesuktaxandaccounts.com
 
As 19 lease
As 19 leaseAs 19 lease
As 19 leaseVIKAS DUBEY
 

Empfohlen

IFRS 3: Business combination
IFRS 3: Business combination IFRS 3: Business combination
IFRS 3: Business combination Sanaullahsani1
 
Ifrs 3 business combinations
Ifrs 3 business combinationsIfrs 3 business combinations
Ifrs 3 business combinationsSohan Al Akbar
 
Ifrs 3 business combinations
Ifrs 3 business combinationsIfrs 3 business combinations
Ifrs 3 business combinationsSohan Al Akbar
 
New ifrs 11 joint arrangements & associates
New ifrs 11 joint arrangements & associatesNew ifrs 11 joint arrangements & associates
New ifrs 11 joint arrangements & associatesESHETIE MEKONENE AMARE
 
Ind as 19
Ind as 19Ind as 19
Ind as 19Mohit Goyal
 
IFRS 8 Operating Segments
IFRS 8 Operating SegmentsIFRS 8 Operating Segments
IFRS 8 Operating SegmentsNirmal Ghorawat
 
Ias 12 Income Taxes
Ias 12 Income TaxesIas 12 Income Taxes
Ias 12 Income Taxesuktaxandaccounts.com
 
As 19 lease
As 19 leaseAs 19 lease
As 19 leaseVIKAS DUBEY
 
IAS 37
IAS 37IAS 37
IAS 37Adnan Ahmad
 
Earning per share AS- 20
Earning per share AS- 20Earning per share AS- 20
Earning per share AS- 20VIKAS DUBEY
 
Ias 10
Ias 10Ias 10
Ias 10ESHETIE MEKONENE AMARE
 
IND AS 1 - Anil
IND AS 1 - AnilIND AS 1 - Anil
IND AS 1 - AnilAnil Soni
 
IFRS 2-share-based-payment
IFRS 2-share-based-paymentIFRS 2-share-based-payment
IFRS 2-share-based-paymentTá»± ĂŽn thi
 
Ind AS 23 borrowing cost
Ind AS 23 borrowing costInd AS 23 borrowing cost
Ind AS 23 borrowing costGarima Maheshwari
 
IFRS 2 - share-based payment
IFRS 2 - share-based paymentIFRS 2 - share-based payment
IFRS 2 - share-based paymentPIRON
 
Accounts of insurance companies
Accounts of insurance companiesAccounts of insurance companies
Accounts of insurance companiesKiran Kurian Philip
 
Consolidated financial statement
Consolidated financial statementConsolidated financial statement
Consolidated financial statementSuhail Darwesh, MBA, CMGA
 
Events after the reporting period – ias 10
Events after the reporting period – ias 10Events after the reporting period – ias 10
Events after the reporting period – ias 10Hyderabad Chapter of ICWAI
 
International accounting standard (ias)
International accounting standard (ias)International accounting standard (ias)
International accounting standard (ias)Mukund KS
 
New goverment grant ias 20
New goverment grant ias 20New goverment grant ias 20
New goverment grant ias 20ESHETIE MEKONENE AMARE
 
Interim financial Reporting Ind As - 34
Interim financial Reporting Ind As - 34Interim financial Reporting Ind As - 34
Interim financial Reporting Ind As - 34sathishpalankar
 
IFRS 10
IFRS 10 IFRS 10
IFRS 10 Babar Ali
 
IAS 7 - Statement of Cash Flow
IAS 7 - Statement of Cash FlowIAS 7 - Statement of Cash Flow
IAS 7 - Statement of Cash FlowMd.Masudur Rahaman
 
Ind as 7 cash flow statement
Ind as 7 cash flow statementInd as 7 cash flow statement
Ind as 7 cash flow statementPragati Mehndiratta
 
Ind AS 103/ IFRS 3
Ind AS 103/ IFRS 3Ind AS 103/ IFRS 3
Ind AS 103/ IFRS 3Talati and Talati Group
 
IFRS 15
IFRS 15IFRS 15
IFRS 15Dhiraj Gadiyani
 
Ias 40
Ias 40Ias 40
Ias 40ESHETIE MEKONENE AMARE
 
As 25 Interim Financial Reporting
As 25 Interim Financial ReportingAs 25 Interim Financial Reporting
As 25 Interim Financial ReportingKrishna Chaitanya
 
Ind as 103 business combinations
Ind as 103 business combinationsInd as 103 business combinations
Ind as 103 business combinationsNirmal Ghorawat
 
Accounting for Mergers and Acquisitions.pdf
Accounting for Mergers and Acquisitions.pdfAccounting for Mergers and Acquisitions.pdf
Accounting for Mergers and Acquisitions.pdfRoman889398
 

Weitere Àhnliche Inhalte

Was ist angesagt?

Earning per share AS- 20
Earning per share AS- 20Earning per share AS- 20
Earning per share AS- 20VIKAS DUBEY
 
IND AS 1 - Anil
IND AS 1 - AnilIND AS 1 - Anil
IND AS 1 - AnilAnil Soni
 
IFRS 2-share-based-payment
IFRS 2-share-based-paymentIFRS 2-share-based-payment
IFRS 2-share-based-paymentTá»± ĂŽn thi
 
Ind AS 23 borrowing cost
Ind AS 23 borrowing costInd AS 23 borrowing cost
Ind AS 23 borrowing costGarima Maheshwari
 
IFRS 2 - share-based payment
IFRS 2 - share-based paymentIFRS 2 - share-based payment
IFRS 2 - share-based paymentPIRON
 
Accounts of insurance companies
Accounts of insurance companiesAccounts of insurance companies
Accounts of insurance companiesKiran Kurian Philip
 
Events after the reporting period – ias 10
Events after the reporting period – ias 10Events after the reporting period – ias 10
Events after the reporting period – ias 10Hyderabad Chapter of ICWAI
 
International accounting standard (ias)
International accounting standard (ias)International accounting standard (ias)
International accounting standard (ias)Mukund KS
 
Interim financial Reporting Ind As - 34
Interim financial Reporting Ind As - 34Interim financial Reporting Ind As - 34
Interim financial Reporting Ind As - 34sathishpalankar
 
IFRS 10
IFRS 10 IFRS 10
IFRS 10 Babar Ali
 
IAS 7 - Statement of Cash Flow
IAS 7 - Statement of Cash FlowIAS 7 - Statement of Cash Flow
IAS 7 - Statement of Cash FlowMd.Masudur Rahaman
 
Ind as 7 cash flow statement
Ind as 7 cash flow statementInd as 7 cash flow statement
Ind as 7 cash flow statementPragati Mehndiratta
 
As 25 Interim Financial Reporting
As 25 Interim Financial ReportingAs 25 Interim Financial Reporting
As 25 Interim Financial ReportingKrishna Chaitanya
 

Was ist angesagt? (20)

IAS 37
IAS 37IAS 37
IAS 37
 
Earning per share AS- 20
Earning per share AS- 20Earning per share AS- 20
Earning per share AS- 20
 
Ias 10
Ias 10Ias 10
Ias 10
 
IND AS 1 - Anil
IND AS 1 - AnilIND AS 1 - Anil
IND AS 1 - Anil
 
IFRS 2-share-based-payment
IFRS 2-share-based-paymentIFRS 2-share-based-payment
IFRS 2-share-based-payment
 
Ind AS 23 borrowing cost
Ind AS 23 borrowing costInd AS 23 borrowing cost
Ind AS 23 borrowing cost
 
IFRS 2 - share-based payment
IFRS 2 - share-based paymentIFRS 2 - share-based payment
IFRS 2 - share-based payment
 
Accounts of insurance companies
Accounts of insurance companiesAccounts of insurance companies
Accounts of insurance companies
 
Consolidated financial statement
Consolidated financial statementConsolidated financial statement
Consolidated financial statement
 
Events after the reporting period – ias 10
Events after the reporting period – ias 10Events after the reporting period – ias 10
Events after the reporting period – ias 10
 
International accounting standard (ias)
International accounting standard (ias)International accounting standard (ias)
International accounting standard (ias)
 
New goverment grant ias 20
New goverment grant ias 20New goverment grant ias 20
New goverment grant ias 20
 
Interim financial Reporting Ind As - 34
Interim financial Reporting Ind As - 34Interim financial Reporting Ind As - 34
Interim financial Reporting Ind As - 34
 
IFRS 10
IFRS 10 IFRS 10
IFRS 10
 
IAS 7 - Statement of Cash Flow
IAS 7 - Statement of Cash FlowIAS 7 - Statement of Cash Flow
IAS 7 - Statement of Cash Flow
 
Ind as 7 cash flow statement
Ind as 7 cash flow statementInd as 7 cash flow statement
Ind as 7 cash flow statement
 
Ind AS 103/ IFRS 3
Ind AS 103/ IFRS 3Ind AS 103/ IFRS 3
Ind AS 103/ IFRS 3
 
IFRS 15
IFRS 15IFRS 15
IFRS 15
 
Ias 40
Ias 40Ias 40
Ias 40
 
As 25 Interim Financial Reporting
As 25 Interim Financial ReportingAs 25 Interim Financial Reporting
As 25 Interim Financial Reporting
 

Ähnlich wie IFRS 3 Business Combinations Guide

Ind as 103 business combinations
Ind as 103 business combinationsInd as 103 business combinations
Ind as 103 business combinationsNirmal Ghorawat
 
Accounting for Mergers and Acquisitions.pdf
Accounting for Mergers and Acquisitions.pdfAccounting for Mergers and Acquisitions.pdf
Accounting for Mergers and Acquisitions.pdfRoman889398
 
P R Ramesh Business Combinations
P R Ramesh Business CombinationsP R Ramesh Business Combinations
P R Ramesh Business CombinationsNITIE
 
Fair valuation perspective on Indian GAAP and Ind AS
Fair valuation perspective on Indian GAAP and Ind ASFair valuation perspective on Indian GAAP and Ind AS
Fair valuation perspective on Indian GAAP and Ind ASGopal Mitruka
 
Direct Taxation ASSESSMENT OF FIRMS for B.Com
Direct Taxation ASSESSMENT OF FIRMS for B.ComDirect Taxation ASSESSMENT OF FIRMS for B.Com
Direct Taxation ASSESSMENT OF FIRMS for B.Communiraju49
 
Business combinations
Business combinationsBusiness combinations
Business combinationssandesh mundra
 
Business combination nuances - IFRS 3
Business combination nuances - IFRS 3Business combination nuances - IFRS 3
Business combination nuances - IFRS 3Dhiraj Gadiyani
 
Business combinations
Business combinationsBusiness combinations
Business combinationsCarol Montalban
 
Accounting standards ppt
Accounting standards pptAccounting standards ppt
Accounting standards pptJitesh Kumar
 
Research MemorandumToCEO, CFO, and Controller of XYZ Research .docx
Research MemorandumToCEO, CFO, and Controller of XYZ Research .docxResearch MemorandumToCEO, CFO, and Controller of XYZ Research .docx
Research MemorandumToCEO, CFO, and Controller of XYZ Research .docxdebishakespeare
 
Advanced Taxation to understand the taxation
Advanced Taxation to understand the taxationAdvanced Taxation to understand the taxation
Advanced Taxation to understand the taxationHiranPieris
 
Audit of General Insurance Companies.pdf
Audit of General Insurance Companies.pdfAudit of General Insurance Companies.pdf
Audit of General Insurance Companies.pdfTACSCO
 
Ppt on accounting standards prepared by Prof.Satish R.Tajane
Ppt on accounting standards prepared by Prof.Satish R.TajanePpt on accounting standards prepared by Prof.Satish R.Tajane
Ppt on accounting standards prepared by Prof.Satish R.TajaneDr. Satish Tajane
 

Ähnlich wie IFRS 3 Business Combinations Guide (20)

Ind as 103 business combinations
Ind as 103 business combinationsInd as 103 business combinations
Ind as 103 business combinations
 
Accounting for Mergers and Acquisitions.pdf
Accounting for Mergers and Acquisitions.pdfAccounting for Mergers and Acquisitions.pdf
Accounting for Mergers and Acquisitions.pdf
 
P R Ramesh Business Combinations
P R Ramesh Business CombinationsP R Ramesh Business Combinations
P R Ramesh Business Combinations
 
Fair valuation perspective on Indian GAAP and Ind AS
Fair valuation perspective on Indian GAAP and Ind ASFair valuation perspective on Indian GAAP and Ind AS
Fair valuation perspective on Indian GAAP and Ind AS
 
Direct Taxation ASSESSMENT OF FIRMS for B.Com
Direct Taxation ASSESSMENT OF FIRMS for B.ComDirect Taxation ASSESSMENT OF FIRMS for B.Com
Direct Taxation ASSESSMENT OF FIRMS for B.Com
 
Business combinations
Business combinationsBusiness combinations
Business combinations
 
Business combination nuances - IFRS 3
Business combination nuances - IFRS 3Business combination nuances - IFRS 3
Business combination nuances - IFRS 3
 
As 27
As 27As 27
As 27
 
As 1 14
As 1 14As 1 14
As 1 14
 
Ifrs 3
Ifrs 3Ifrs 3
Ifrs 3
 
Presentation1
Presentation1Presentation1
Presentation1
 
Business combinations
Business combinationsBusiness combinations
Business combinations
 
Accounting standards ppt
Accounting standards pptAccounting standards ppt
Accounting standards ppt
 
Research MemorandumToCEO, CFO, and Controller of XYZ Research .docx
Research MemorandumToCEO, CFO, and Controller of XYZ Research .docxResearch MemorandumToCEO, CFO, and Controller of XYZ Research .docx
Research MemorandumToCEO, CFO, and Controller of XYZ Research .docx
 
Business combinations
Business combinationsBusiness combinations
Business combinations
 
Ifrs 3a
Ifrs 3aIfrs 3a
Ifrs 3a
 
Advanced Taxation to understand the taxation
Advanced Taxation to understand the taxationAdvanced Taxation to understand the taxation
Advanced Taxation to understand the taxation
 
assignmenttutorhelp.com
assignmenttutorhelp.comassignmenttutorhelp.com
assignmenttutorhelp.com
 
Audit of General Insurance Companies.pdf
Audit of General Insurance Companies.pdfAudit of General Insurance Companies.pdf
Audit of General Insurance Companies.pdf
 
Ppt on accounting standards prepared by Prof.Satish R.Tajane
Ppt on accounting standards prepared by Prof.Satish R.TajanePpt on accounting standards prepared by Prof.Satish R.Tajane
Ppt on accounting standards prepared by Prof.Satish R.Tajane
 

Mehr von Nirmal Ghorawat

Accounting Automation Trial Version 0.1 Basic Introduction
Accounting Automation Trial Version 0.1 Basic IntroductionAccounting Automation Trial Version 0.1 Basic Introduction
Accounting Automation Trial Version 0.1 Basic IntroductionNirmal Ghorawat
 
Benami transactions
Benami transactionsBenami transactions
Benami transactionsNirmal Ghorawat
 
Ias 39 hedge accounting
Ias 39 hedge accountingIas 39 hedge accounting
Ias 39 hedge accountingNirmal Ghorawat
 
Ind as 23 borrowing costs
Ind as 23 borrowing costsInd as 23 borrowing costs
Ind as 23 borrowing costsNirmal Ghorawat
 
IND AS 108 OPERATING SEGMENTS
IND AS 108 OPERATING SEGMENTSIND AS 108 OPERATING SEGMENTS
IND AS 108 OPERATING SEGMENTSNirmal Ghorawat
 
Digital collaborative accounting
Digital collaborative accounting Digital collaborative accounting
Digital collaborative accounting Nirmal Ghorawat
 
Taxation of capital gains
Taxation of capital gainsTaxation of capital gains
Taxation of capital gainsNirmal Ghorawat
 
xbrl gl for transactions
xbrl gl for transactions xbrl gl for transactions
xbrl gl for transactions Nirmal Ghorawat
 
Deemed dividend by ca nirmal ghorawat
Deemed dividend by ca nirmal ghorawatDeemed dividend by ca nirmal ghorawat
Deemed dividend by ca nirmal ghorawatNirmal Ghorawat
 
Xbrl dimension a primer nirmal ghorawat
Xbrl dimension a primer nirmal ghorawatXbrl dimension a primer nirmal ghorawat
Xbrl dimension a primer nirmal ghorawatNirmal Ghorawat
 
XBRL Presentation Handout
XBRL Presentation HandoutXBRL Presentation Handout
XBRL Presentation HandoutNirmal Ghorawat
 
Xbrl the future of financial reporting by ca. nirmal ghorawat
Xbrl the future of financial reporting by ca. nirmal ghorawatXbrl the future of financial reporting by ca. nirmal ghorawat
Xbrl the future of financial reporting by ca. nirmal ghorawatNirmal Ghorawat
 
XBRL The Future Of Financial Reporting
XBRL The Future Of Financial ReportingXBRL The Future Of Financial Reporting
XBRL The Future Of Financial ReportingNirmal Ghorawat
 

Mehr von Nirmal Ghorawat (16)

Accounting Automation Trial Version 0.1 Basic Introduction
Accounting Automation Trial Version 0.1 Basic IntroductionAccounting Automation Trial Version 0.1 Basic Introduction
Accounting Automation Trial Version 0.1 Basic Introduction
 
Benami transactions
Benami transactionsBenami transactions
Benami transactions
 
Ias 39 hedge accounting
Ias 39 hedge accountingIas 39 hedge accounting
Ias 39 hedge accounting
 
Ind as 21 forex
Ind as 21 forexInd as 21 forex
Ind as 21 forex
 
Ind as 23 borrowing costs
Ind as 23 borrowing costsInd as 23 borrowing costs
Ind as 23 borrowing costs
 
IND AS 108 OPERATING SEGMENTS
IND AS 108 OPERATING SEGMENTSIND AS 108 OPERATING SEGMENTS
IND AS 108 OPERATING SEGMENTS
 
Footnotes
FootnotesFootnotes
Footnotes
 
Digital collaborative accounting
Digital collaborative accounting Digital collaborative accounting
Digital collaborative accounting
 
Taxation of capital gains
Taxation of capital gainsTaxation of capital gains
Taxation of capital gains
 
xbrl gl for transactions
xbrl gl for transactions xbrl gl for transactions
xbrl gl for transactions
 
Deemed dividend by ca nirmal ghorawat
Deemed dividend by ca nirmal ghorawatDeemed dividend by ca nirmal ghorawat
Deemed dividend by ca nirmal ghorawat
 
Xbrl dimension a primer nirmal ghorawat
Xbrl dimension a primer nirmal ghorawatXbrl dimension a primer nirmal ghorawat
Xbrl dimension a primer nirmal ghorawat
 
XBRL Presentation Handout
XBRL Presentation HandoutXBRL Presentation Handout
XBRL Presentation Handout
 
Xbrl the future of financial reporting by ca. nirmal ghorawat
Xbrl the future of financial reporting by ca. nirmal ghorawatXbrl the future of financial reporting by ca. nirmal ghorawat
Xbrl the future of financial reporting by ca. nirmal ghorawat
 
XBRL The Future Of Financial Reporting
XBRL The Future Of Financial ReportingXBRL The Future Of Financial Reporting
XBRL The Future Of Financial Reporting
 
Drafting of deeds
Drafting of deedsDrafting of deeds
Drafting of deeds
 

KĂŒrzlich hochgeladen

Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure servicePooja Nehwal
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfGale Pooley
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure servicePooja Nehwal
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfGale Pooley
 
CALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceanilsa9823
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptxFinTech Belgium
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfGale Pooley
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignHenry Tapper
 
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja Nehwal
 
Basic concepts related to Financial modelling
Basic concepts related to Financial modellingBasic concepts related to Financial modelling
Basic concepts related to Financial modellingbaijup5
 
VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...dipikadinghjn ( Why You Choose Us? ) Escorts
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfSaviRakhecha1
 

KĂŒrzlich hochgeladen (20)

Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla MumbaiđŸ“Č Pooja Nehwal 9892124323 💞 Full ...
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
CALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➄8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home DeliveryPooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
Pooja 9892124323 : Call Girl in Juhu Escorts Service Free Home Delivery
 
Basic concepts related to Financial modelling
Basic concepts related to Financial modellingBasic concepts related to Financial modelling
Basic concepts related to Financial modelling
 
VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West đŸŒč 9920725232 ( Call Me ) Mumbai Esc...
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdf
 

IFRS 3 Business Combinations Guide

  • 1. IFRS 3 BUSINESS COMBINATIONS Presented By: CA. NIRMAL GHORAWAT B. Com (Hons), ACA
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. IFRS 3 : APPLICATION SUMMARY August 30, 2010 CA. Nirmal Ghorawat
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. DEFINITIONS – COST OF BUS. COM. August 30, 2010 CA. Nirmal Ghorawat Acquisition Date Date on which Acquirer Effectively obtains ‘Control’ of the Acquiree. Directly Attributable Costs Includes – Professional fees paid to Accountants, Legal Advisors, Valuers and other Consultants to effect Business Combination. Excludes – General Administration Costs, etc. not specifically linked to a Business Combination Fair Value The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm length’s transaction.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. SIGNIFICANT DIFFERENCES WITH INDIAN GAAP August 30, 2010 CA. Nirmal Ghorawat
  • 20. SIGNIFICANT DIFFERENCES August 30, 2010 CA. Nirmal Ghorawat IFRS Indian GAAP Literature IFRS 3 – Business Combinations AS 14 – Accounting for Amalgamations Scope Wide - Covers all forms of Business Combination irrespective of legal form. Limited – Covers only Mergers & Amalgamation. Method of Accounting Only PURCHASE Method Pooling of Interest for Mergers Purchase Method for Amalgamation
  • 21.
  • 22. August 30, 2010 CA. Nirmal Ghorawat

Hinweis der Redaktion

  1. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  2. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  3. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  4. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  5. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  6. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  7. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  8. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  9. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  10. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  11. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  12. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  13. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  14. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  15. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  16. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  17. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  18. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  19. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  20. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  21. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS
  22. August 30, 2010 Presented By: CA. Nirmal Ghorawat IFRS 3 BUSINESS COMBINATIONS