IASB releases Exposure Draft Business Combinations – Disclosures, Goodwill and Impairment
IASB releases Exposure Draft Business Combinations – Disclosures, Goodwill and Impairment
The IASB has released Exposure Draft Business Combinations – Disclosures, Goodwill and Impairment.
The Exposure Draft proposes amendments to IFRS 3 Business Combinations to require entities to report the objectives and related performance targets of their most important acquisitions, including whether these are met in subsequent years. Entities would also be required to provide information about the expected synergies for all material acquisitions.
The IASB also proposes related amendments to IAS 36 Impairment of Assets to make targeted improvements to the impairment test.
The Exposure Draft is open for comments until 15 July 2024 and may be accessed here.
The Exposure Draft proposes amendments to IFRS 3 Business Combinations to require entities to report the objectives and related performance targets of their most important acquisitions, including whether these are met in subsequent years. Entities would also be required to provide information about the expected synergies for all material acquisitions.
The IASB also proposes related amendments to IAS 36 Impairment of Assets to make targeted improvements to the impairment test.
The Exposure Draft is open for comments until 15 July 2024 and may be accessed here.