IFRS 3: Business Combination or Asset? скачать в хорошем качестве

IFRS 3: Business Combination or Asset?

Before goodwill, ask this: does IFRS 3 even apply? The most important question under IFRS 3 is not how to measure goodwill. It is whether you should be applying IFRS 3 at all. In this episode of Financial Reporting Conversations, Wayne Basford and Judith Leung unpack the gateway distinction between a business combination and an asset acquisition. They explore the IFRS 3 concentration test, the inputs–processes–outputs analysis, mothballed mines, movable versus “glued” assets, and IPO “top hat” restructures. The accounting consequences are fundamentally different, and bias can easily influence the conclusion. Key Takeaways ✅ Why the first IFRS 3 question is scope, not goodwill ✅ How the IFRS 3 concentration test works and why “substantially all” matters ✅ When similar assets fail the grouping test under IFRS 3 ✅ Why most top hat restructures are continuation accounting, not business combinations ✅ How bias and incentives distort IFRS 3 judgments 🔖 Chapters 00:00 The IFRS 3 gateway issue 02:00 Business combination vs asset acquisition 08:00 IFRS 3 concentration test explained 15:45 Top hat restructures and common control 24:40 Bias, incentives and audit risk 🎥 Need expert help applying accounting or auditing standards? Visit basfordconsulting.com for guidance, training, and resources to help you get it right. 🔗 Follow Basford Consulting: LinkedIn: Wayne Basford & Judith Leung YouTube: @BasfordConsulting #FinancialReporting #IFRS #Auditing #BasfordConsulting #Shorts #IFRS3