Business Combinations under Common Control – International Accounting Standards Board

Date recorded:

At its meeting on December 12, 2018, the Board discussed whether a current value measurement approach based on the acquisition method set out in IFRS 3, Business Combinations, should be applied to all or only some business combinations under common control that affect a non-controlling interest in a receiving entity. The Board also discussed how any such distinction should be made. The Board received a summary of the discussion of the topic held by the Accounting Standards Advisory Forum at its December 2018 meeting. At future meetings, the Board expects to continue its discussions on methods of accounting for transactions within the scope of the project.

Review the IASB Update and podcast on the Board's Web site.

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