Other Australian Accounting Standards th

Other Australian Accounting Standards that provide guidance on subsequent measurement and accounting (application of paragraph 54)

B63 Examples of other Australian Accounting Standards that provide guidance on subsequently measuring and accounting for assets acquired and liabilities assumed or incurred in a business combination include:

(a) AASB 138 prescribes the accounting for identifiable intangible assets acquired in a business combination. The acquirer measures goodwill at the amount recognised at the acquisition date less any accumulated impairment losses. AASB 136 Impairment of Assets prescribes the accounting for impairment losses.

(b) AASB 4 Insurance Contracts provides guidance on the subsequent accounting for an insurance contract acquired in a business combination.

(c) AASB 112 prescribes the subsequent accounting for deferred tax assets (including unrecognised deferred tax assets) and liabilities acquired in a business combination.

(d) AASB 2 provides guidance on subsequent measurement and accounting for the portion of replacement share-based payment awards issued by an acquirer that is attributable to employees’ future services.

(e) AASB 10 provides guidance on accounting for changes in a parent’s ownership interest in a subsidiary after control is obtained.