Remeasurement of previously held interests — obtaining control or joint control in a joint operation that constitutes a business (Proposed amendments to IFRS 3 and IFRS 11) - IASB

Date recorded:

At its meeting on October 20-22, 2015, the IASB discussed both issues: (ii) acquisition of control over a joint operation; and (ii) "change of interests" transaction resulting in obtaining joint control. The IASB tentatively decided that the proposed amendments should be exposed concurrently with any amendments that may be proposed by the IASB relating to the Definition of a Business project. Transitional provisions for the amendments will be considered at a future date.

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