Business Combinations under Common Control - IASB

Date recorded:

At its meeting on April 19-21, 2016, the IASB discussed the results of research and outreach on business combinations under common control, in particular: (i) the methods that are applied in practice to account for these transactions, and the methods that interested parties think should be applied; and (ii) how the so-called predecessor method is applied in practice, and how interested parties think it should be applied. The papers did not include any staff recommendations and no decisions were made. The Board will discuss at future meetings the advantages and disadvantages of different alternatives for accounting for these transactions and consider which alternative(s) would provide the most useful information, and why.

Review the IASB Update on the IASB's Web site.

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