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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 fifteen years since it has been released, can still be challenging when accounting for these transactions in practice.
As mentioned in our article Insights into MFRS 3 – Consideration transferred, accounting for a separate transaction often involves adjusting the contractual purchase price in order to obtain the right amount of consideration transferred. Only consideration transferred in exchange for the acquiree is considered in the calculation of goodwill (or gain on a bargain purchase). Payments that, in substance, relate to separate transactions are not included in consideration transferred for the business combination transaction and may give rise to a separate gain, loss, liability or asset. This article discusses such transactions.
Find out more on: Identifying separate transactions; Settlement of pre-existing relationships; Employee compensation arrangements; Acquisition costs and Share-based payment awards.
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.
