Investor Perspectives - IASB Member Zach Gast discusses proposed changes to acquisitions reporting
Investor Perspectives - IASB Member Zach Gast discusses proposed changes to acquisitions reporting
The IASB has published a new issue of Investor Perspectives in which IASB member Zach Gast discusses the proposed amendments to IFRS 3 Business Combinations.
The IASB recently released Exposure Draft Business Combinations – Disclosures, Goodwill and Impairment. The Exposure Draft proposes amendments to IFRS 3 to require entities to report the objectives and related performance targets of their most important acquisitions, including whether these are met in subsequent years. Entities would also be required to provide information about the expected synergies for all material acquisitions.
The IASB also proposes related amendments to IAS 36 Impairment of Assets to make targeted improvements to the impairment test.
The Investor Perspectives article may be accessed here.
The IASB recently released Exposure Draft Business Combinations – Disclosures, Goodwill and Impairment. The Exposure Draft proposes amendments to IFRS 3 to require entities to report the objectives and related performance targets of their most important acquisitions, including whether these are met in subsequent years. Entities would also be required to provide information about the expected synergies for all material acquisitions.
The IASB also proposes related amendments to IAS 36 Impairment of Assets to make targeted improvements to the impairment test.
The Investor Perspectives article may be accessed here.