IFRS 3 Business Combinations summary - applies in 2024

[@CPDbox]

Thanks for watching! Let’s connect: *Newsletter: www.cpdbox.com/ *LinkedIn: www.linkedin.com/in/silviamahutova/ *Instagram: instagram.com/cpdbox/

[@bulelanitshabalala8216]

Your videos are very helpful. Could you make one on IAS 27?

[@djvj4713]

It will be interesting to see how intangibles are recognized and measured if the acquiree did not recognized before.

[@kingmaverick3140]

Should we capitalize the goodwill as an intangible asset or it should be presented as GW in SOFP ? (11:29) Additionally I wanted to asked that “ Identifiable, non-monetary assets are called Intangible assets.” So what does the “non-monetary” means in this context ? Thanks a million in anticipation 😊

[@binitshrestha3122]

Why would you capitalise a goodwill it's not even a capital expenditure its a revenue expenditure

[@trishmapengo7563]

Thank you so much ,it helped me a lot it's very simple when u explained it

[@moonchild2242]

one of the best youtubers

[@aaroacademy]

Thank you, this lesson is very valuable!

[@tertiusferreira4753]

omg can you be my lecturer forever!

[@claracy1]

Thanks for the great video, however I have a question, if the buyer repaid the Loan for the acquired entity, but the loan is needed to be repaid to the buyer by the acquired entity. After the acquisition, it becomes an IC loan. How can i account for this? Can i reduce the loan portion from the considerations transferred? If not, how can I setup the IC loan after acquisition? Many thanks!

[@happytrading6857]

Hi Silvia, when calculating the goodwill and we're trying to do the fair value adjustments of identifiable assets, how do we adjust for intangibles? is it just the same as normal assets? (FV - CA) * (1- tax rate)? if for example at acquisition date an intangible asset has a fair value amount but is not recognised in the financial statements will we still need to adjust?

[@CPDbox]

Yes, although I am not really happy with your formula, since you take care of tax effect in deferred tax calculation.

[@bridgetmagama]

Thank you

[@salmanansari7843]

Please reply if possible can entity preparing separate FS ' will record goodwill or only in consolidation FS it is shown or recorded

[@CPDbox]

Goodwill acquired in a business combination is only shown in the consolidated financial statements, not separate (because in separate, the investment in subsidiary is shown in one line).

[@tanwoeiyong5861]

what if you purchase a business with net liabilities? let just assume consideration transferred 100, net liablities 80, and nothing else. using the equation consideration transferred - net idenfiable assets = 100 - (80) = 180. is this a goodwill?

[@CPDbox]

Yes. But then you need to test it for the impairment, because you must have a good reason to buy the business with negative net assets for such a price.

[@tanwoeiyong5861]

@@CPDbox thanks for reply silvia. :)

[@Jamestown5667]

Thank you Soo much for your content

[@sonerguney3225]

Güzel bir sunum

[@msiddiquemasood6427]

Hi, you didn't cover measurement exceptions given by IFRS 03.. please have a short video on these exceptions ( Reference: Paragraph 21 to 31 from IFRS)

[@stephenmukwaya652]

Thank you so much.

[@MehediHasan-sb3ye]

How can i get IAS kits?

[@sanelemeyiwa]

Thank you

[@acezeuqram]

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