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IFRS 3 business combinations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 3 business combinations

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 23, 2021 at 6:57 pm #618629
    osamasyed123
    Participant
    • Topics: 51
    • Replies: 42
    • ☆☆

    Hi there Sir
    I was going through the Bpp kit book and found a mark scheme examiner answer quoting business combinations ifrs3 standard
    This is not in the your notes ?
    Do we need to prepare for it?

    April 25, 2021 at 11:29 am #618811
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3410
    • ☆☆☆☆☆

    You need to know the basics of goodwill – you will have this as long as:

    1. You know our notes
    2. You have worked the last 8 or so exams (from
    the BPP kit) – you will inevitably pick up extra learning points as you do so.

    April 25, 2021 at 12:07 pm #618813
    osamasyed123
    Participant
    • Topics: 51
    • Replies: 42
    • ☆☆

    Thankyou sir
    So it applies when we acquire or sell a business ?

    April 27, 2021 at 12:03 pm #618970
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3410
    • ☆☆☆☆☆

    Yes – important thing is that you practice calculating goodwill on acquisitions.

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