CTHRepealedLegislation
AASB 3 - Business Combinations - March 2008
The acquisition methodThe acquisition method
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The acquisition method
4 An entity shall account for each business combination by applying the acquisition method.
5 Applying the acquisition method requires:
(a) identifying the acquirer;
(b) determining the acquisition date;
(c) recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree; and
(d) recognising and measuring goodwill or a gain from a bargain purchase.