MFRS

Insights into MFRS 3 - How should the identifiable assets and liabilities be measured?

insight featured image
Business combinations are infrequent transactions that are unique for each occurrence. MFRS 3 ‘Business Combinations’ contains the requirements and despite being fairly stable in the ten years since its been released, still provides challenges when accounting for these transactions in practice.

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

This article sets out the definition and underlying principles of fair value, gives a brief overview of permissible valuation techniques and presents MFRS 3’s specific guidance on fair value measurement.

MFRS 3

MFRS 3

How should the identifiable assets and liabilities be measured? Read our publication to know more.

Download here [174 kb]

How we can help

We hope you find the information in this article helpful in giving you some insight into MFRS 3. If you would like to discuss any of the points raised, please do not hesitate to contact us.