Remeasurement of previously held interests - IASB

Date recorded:

At its meeting on April 24 and 27, 2017, the IASB tentatively decided to finalize the amendments to IFRS 3 and IFRS 11 with no substantive changes. The Board tentatively decided to clarify in the amendments to IFRS 3 that when an entity obtains control of a business that is a joint operation, it remeasures its overall previously held interest in that business. The Board will consider the effective date and due process steps at a future meeting.

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