corporateaccounting课件Chapter12Businesscombinations幻灯片.pptVIP

* LO8: Account for subsequent adjustments to the initial accounting for a business combination (p.?601) * * * LO9: Apply the disclosures required under AASB 3 (p.?604). * * Subsequent adjustments to the initial accounting for business combinations As equity For example The requirement for the acquirer to issue more shares subject to subsequent events As a liability For example The requirement to provide more cash subject to subsequent events. Contingent consideration At acquisition date, the contingent consideration is measured at fair value, and is classified either: Subsequent adjustments to the initial accounting for business combinations Classified as equity No re-measurement is required Subsequent settlement is accounted for within equity. This means that extra equity instruments issued are effectively issued for no consideration and there is no change to share capital Classified as a liability Accounted for under AASB 9 or AASB 137 Where the contingent consideration is a financial liability, AASB 9 requires changes in FV via the PL If not a financial liability, AASB 137 applies Contingent consideration Subsequent accounting treatment is a follows: Disclosures AASB 3 contains extensive disclosure requirements in relation to business combinations Apply Appendix B, which is an integral part of AASB 3 Figure 12.23 provides a sample of the disclosures Figure 12.24 provides an example – Boral Ltd 2012 annual report * * LO1: Discuss the nature of a business combination and its various forms (p.?568) * * LO2: Explain the basic steps in the acquisition method of accounting for business combinations (p.?570) * * LO3: Account for a business combination in the records of the acquirer (p.?574) * LO4: Recognise and measure the assets acquired and liabilities assumed in the business combination (p.?574) * * * * * LO5: Discuss the nature of and the accounting for goodwill and gain from bargain purchase (p.?580) * * * * * * * * * * * * * LO6: Account for shares