New Deloitte IFRS 3 and IAS 27 Guide is now available
08 Jul 2008
The Deloitte IFRS Global Office has published Business Combinations and Changes in Ownership Interests: A Guide to the Revised IFRS 3 and IAS 27.
In January 2008, the IASB issued a revised IFRS 3 Business Combinations and a revised IAS 27 Consolidated and Separate Financial Statements. In doing so, the Board completed phase II of its business combinations project, and achieved substantial convergence between IFRSs and US GAAP on these topics. This new 164-page guide deals mainly with accounting for business combinations under IFRS 3(2008). Where appropriate, it deals with related requirements of IAS 27(2008) – particularly as regards the definition of control, accounting for non-controlling interests, and changes in ownership interests. Other aspects of IAS 27 (such as the requirements to prepare consolidated financial statements and detailed procedures for consolidation) are not addressed.
- Click to download the new Guide to IFRS 3 and IAS 27 (PDF 647k).
Chapters in Deloitte's new 164-page guide to IFRS 3 and IAS 27:
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