MFRS

Insights into MFRS 3 - The acquisition method at a glance

Our new ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.

This article provides a high-level overview of MFRS 3 and explains the key steps in accounting for business combinations in accordance with this Standard. It also highlights some practical application issues dealing with:

  • deal terms and what effect they can have on accounting for business combinations and
  • how to avoid unintended accounting consequences when bringing two businesses together.

To know more, please read our publication.