IFRS 3

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December 2, 2018 at 1:34 am #486732
gangsta1
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Sir, a contingent consideration that is either an asset or liability within the scope of IFRS 9 & IAS 39, how should gains & losses arising from subsequent measurement be accounted for?
December 3, 2018 at 8:55 pm #487058
P2-D2
Keymaster
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Hi,

Contingent consideration is recorded at its fair value at acquisition, and subsequent changes are recognised through the retained earnings/profit or loss of the subsidiary.

Thanks
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