Post-implementation Review of IFRS 3, Business Combinations - IASB

Date recorded:

Most recently, at its meeting on February 18-20, 2015, the IASB discussed the follow-up work needed for the Post-implementation Review of IFRS 3. The IASB decided to add the following issues to its research agenda: (i) how to improve the impairment test in IAS 36, Impairment of Assets; (ii) how to clarify the definition of a business; (iii) the subsequent accounting for goodwill (including the relative merits of an impairment-only approach and an amortization and impairment approach); and (iv) the identification and measurement of intangible assets such as customer relationships and brand names.

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