GROUPS ACCOUNTING - IFRS 3 (BUSINESS COMBINATIONS)

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IFRS 3 — Business Combinations deals with the accounting treatment and initial determination of the value attached to the subsidiary being acquired on the date of acquisition.

This standard deals with the methods of accounting for business combinations and their effects on consolidation, including goodwill (or gain on bargain purchase) arising on a business combination.
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Thanks for joining in, hope you are enjoying the video. Stay tuned for part 2, make sure you subscribe and hit the notification button to be notified of the upcoming videos. Please like, subscribe and share. suggest topics you'd like me to cover on the comment section.

AccountingwithNaomi
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I can't believe you summarised ifrs 3 so well. Thank you

thulisilemasimula
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Thank you. It really helped me. Can we please do IFRS 10 (Consolidated financial statements?)

sibongilendlangamandla
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Naomi when is the next class on group accs???

ArnoldMakwenjere-zuwu
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