232290
Description
Mind Map by Nafisa Zahra, updated more than 1 year ago
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Created by Nafisa Zahra
about 11 years ago
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Business Combinations
- Acquisition Method
- 1. Identify acquirer- Entity that controls
- 2. Determine acquisition
date-obtaining control date
- 3. Recognition of ass. + liab.
Annotations:
- Acquirer may recognise some assets and liabilities that the acquiree had not previously recognised e.g. brand name. Acquirer must also recognise any non-controlling interest in acquiree
- With contingent liabilities, acquirer must recognise even if it is not probably that outflow of economic beneficial resources will be required to settle obligation
- 4. Measuring Goodwill
- 1. Identify acquirer- Entity that controls
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