In the case of business acquisition, our team supports clients to properly apply the regulations and requirements of IFRS 3 Business Combinations. In particular, we provide services in following areas:

• Identification of business combination and method of accounting
• Recognition and measurement in the financial statements of identifiable assets acquired,  liabilities and [...] non-controlling interest (NCI)
• Fair value valuation of loan portfolios and deposits (in banks and financial institutions)
• Recognition and measurement of goodwill or the gain on a bargain purchase
• Disclosure of information about current business combinations to enable users of financial statements to evaluate the nature and financial effect of a business combination.

We provide advisory and support in the next steps of applying acquisition accounting for a business combination:

• Determining whether a transaction is a business combination
• Identify the acquirer
• Determine the date of acquisition
• Identification of the elements of the transaction that should be accounted for separately from the business combination
• Measurement of the consideration transferred
• Identification and measurement of the identifiable assets acquired and liabilities assumed in the business combination
• Measure NCI
• Determine the amount of goodwill or the gain on a bargain purchase
• Recognise any measurement period adjustments.