Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies.

The assessment of whether one entity controls another (ie when a parent-subsidiary relationship exists) is essential to the preparation of financial statements under International Financial Reporting Standards (IFRS). 

A number of issues relating to consolidated financial statements can have a significant effect on your business. Our guidance relates to applying the requirements of IFRS 10 ‘Consolidated Financial Statements’, where we highlight the challenges you will face. We also help you to be able to identify and value intangible assets in a business combination when accounting under IFRS 3 ‘Business Combinations’. 

To discuss how these issues will further impact you please contact your local member firm


IFRS Viewpoints