IFRS 3 Business Combinations

Identify the acquirer and acquisition date, then recognise and measure identifiable assets acquired, liabilities assumed and any non-controlling interest under the standard. Recognise goodwill or, after reassessment, a bargain purchase gain. Consider the fair value of a previously held interest where control is obtained in stages. Ordinary acquisition-related costs are generally expensed, subject to specific exceptions. Distinguish the acquisition of a business from an asset purchase.