1. Identification of the “acquirer” - the combining entity that obtains control of the acquiree.
2. Determination of the “acquisition date” - the effective date on which the acquirer obtains control of the acquiree.
3. Recognition and measurement of the identifiable assets acquired, the liabilities assumed and any non-controlling interest (NCI, formerly called “minority interest”) in the acquiree.
4. Recognition and measurement of goodwill or a gain from a bargain purchase option.
If for the first and second steps, the revised standard generally retains the approach set out in the existing one, substantial changes are proposed to the others.
Step 3. Recognition and measurement of the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree
The current practice of accounting business combinations is a cost- based approach, whereby the cost of the acquired entity is allocated to the assets acquired and liabilities (and contingent liabilities) assumed. In contrast, the new standard is based on the principle that, upon obtaining control of another entity, the underlying exchange transaction should be measured at fair value, and this should be the basis on which the assets, liabilities and equity (other than that purchased by the controller) of the acquired entity are measured. As a consequence, all items of consideration transferred by the acquirer are measured and recognised at fair value at the acquisition date, including contingent consideration.本文来自优.文~论^文·网原文请找腾讯3249.114
a. Recognising and measuring assets acquired and liabilities assumed
Identifiable assets acquired and liabilities assumed are recognised and measured at fair value as of the acquisition date (with certain exceptions such as deferred taxes and pension obligations). Guidance is provided on recognising and measuring particular assets and liabilities, until the IFRS on fair value measurement guidance will be published in the first half of 2010 (according to IASB Work Plan). The classification and designation of all assets acquired and liabilities assumed are reassessed by the acquirer at the acquisition date, based on: contractual terms, economic conditions,accounting policies and any other factors which are relevant at that date.
A particular case is the identifiable intangible assets, which have to be recognised separately from goodwill if are either contractual or separable. Therefore, whenever an intangible asset can be separately identified, it must be recognised and measured (e.g. brand name, trade name, licensing agreements, customer lists, patented technology). This increases the accounting complexity for some business combinations, adding time and costs, and leads to higher post-combination charges being recognised.
新课程改革与初等教育未来教师的培养Recognising and measuring intangible assets is not a new requirement, it also exists in the current standard, the recognition criterion being the possibility of reliably measurement. The revised standard imposes recognition when these assets can be separated or meet the contractual-legal criterion, and provides additional guidance, because this matter has always been one of the difficult areas of IFRS 3 to apply in practice.
Some specialists' opinion is that the standard's purpose to provide transparency on acquisitions for investors has not been achieved, this allowing creative accounting. Research from Intangible Business, one of the world’s largest independent brand valuation consultancies, has revealed that, despite the introduction of IFRS 3 in 2004, goodwill arising from acquisitions of FT Global 500 companies has accounted for 47% of total deal value (a sum of 105billion) and 53% of this goodwill, 57billion, was not described at all – even though the standard requires it (Krijgsman 2007). Thayne Forbes, joint managing director of Intangible Business, said: “The implications of this inadequate reporting are far reaching.
It renders annual reports more useless than they currently are, it makes a standard ineffective when applied and the financial bodies that govern them, it sets a dangerous
上一页 [1] [2] [3] [4] [5] [6] 下一页
企业合并外文文献和翻译 第3页下载如图片无法显示或论文不完整，请联系qq752018766
