IFRS 16 has become effective to annual reporting periods beginning on or after 1 January 2019. It provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases. Lessee Accounting Balance Sheet P&L Asset = …
A business combination is defined by the IASB as a “transaction or other event in which an acquirer obtains control of one or more businesses”, resulting in the need for a Purchase Price Allocation (“PPA”). This article focuses on PPAs …
In accounting, goodwill is recorded when an acquiring entity purchases a target company for more than the fair value of its net identifiable assets during business combination. IAS 36 – Impairment of Assets sets out requirements for impairment which cover …
This article discusses the classification of a compound financial instrument in its simplest form from the issuer’s perspective. IAS 32 Financial Instruments: Presentation provides guidance on the accounting requirements for the classification of financial instruments. The issuer of a financial …
Definition of a Business (Amendments to IFRS 3 Business Combinations) was issued on 22 October 2018 and is effective for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning …
The ever-changing standards require many of our clients to seek for independent valuation and risk management specialists who are able to keep up with the changing regulatory environment and can assist in building quantitative models for the financial reporting purposes …