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Three articles on business combinations under common control

  • IFRS - IASB Image
  • Australia Image

Oct 12, 2021

The Australian Accounting Review published three articles relating to business combinations under common control (BCUCC), one of them by IASB Board member Ann Tarca.

The article by Ms. Tarca explains the Board’s preliminary views for accounting for business combinations under common control that aim to reduce diversity in practice and to improve the information provided to investors so they can understand the effects of these transactions and compare companies that undertake them.

The second article discusses the controlling entity’s perspective in a BCUCC and suggests some issues for the Board to consider in its redeliberations of its preliminary views.

The third article discusses the choice of the controlling party or transferred business book values, the principles and objectives of the IASB's discussion paper and the relationship with related party disclosures.

Review all three articles through the press release on the IASB's website.

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