Acquisition Date – NBC Institute

FR – Nov 2022 – L2 – Q3b – Bargain Purchase and IFRS 3 Review Requirements

Explanation of a bargain purchase and IFRS 3 items requiring review when gain from bargain purchase arises.

Question

b. A gain from a bargain purchase may arise in the course of a business combination and when this happens, the acquirer must review or reassessthe procedure used to measure certain items at the acquisition date.
Required:
Explain the term “Gain from a bargain purchase” and identify the three
items stipulated in IFRS 3 that must be reviewed.

Answer

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Tags: Acquisition Date, Bargain Purchase, IFRS 3, Negative Goodwill, Reassessment
Level: Level 2

Topic: Business Combinations (IFRS 3)
Series: NOV 2022

Question Tag: Acquisition Date

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FR – Nov 2022 – L2 – Q3b – Bargain Purchase and IFRS 3 Review Requirements

Explanation of a bargain purchase and IFRS 3 items requiring review when gain from bargain purchase arises.

FR – Nov 2022 – L2 – Q3b – Bargain Purchase and IFRS 3 Review Requirements

Explanation of a bargain purchase and IFRS 3 items requiring review when gain from bargain purchase arises.

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FR – Nov 2022 – L2 – Q3b – Bargain Purchase and IFRS 3 Review Requirements

Explanation of a bargain purchase and IFRS 3 items requiring review when gain from bargain purchase arises.

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FR – Nov 2022 – L2 – Q3b – Bargain Purchase and IFRS 3 Review Requirements

Explanation of a bargain purchase and IFRS 3 items requiring review when gain from bargain purchase arises.

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