IFRS 3 Business Combinations - summary 2021

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This video is a short summary of IFRS 15. If you need to learn more, please visit our website for great discussion with many practical advices on this standard.
The contents:
00:00 Introduction
00:38 Objective of IFRS 3
01:57 Business or assets&liabilities? Concentration test
05:14 Acquisition method: overview of 4 steps
06:27 How to recognize assets and liabilities
07:16 Non-controlling interest
08:50 Goodwill and gain on bargain purchase (negative goodwill)
This is just the short executive summary of IFRS 3 and does NOT replace the full standard - you can see the full text on IFRS Foundation’s website.

BusinessCombinationssummary