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New approaches regarding business combinations


  • Bunea-Bontaş, Cristina Aurora
  • Petre, Mihaela Cosmina


The accounting for business combinations is a very important area, therefore it needs a high quality accounting standard that could be used for both domestic and cross-border financial reporting. IASB issued in January 2008 the revised IFRS 3 Business Combinations, which aims to help both users and preparers of the consolidated financial statements by improving the relevance, reliability and comparability of the information reported by companies around the world. This article aims to highlight few significant changes in the accounting treatment of business combinations that have arisen from the revised IFRS 3, focusing on the accounting principles surrounding the recognition and measurement of the identifiable net assets of the acquiree and any non-controlling interest in the acquiree and on the implications for calculating and measuring goodwill.

Suggested Citation

  • Bunea-Bontaş, Cristina Aurora & Petre, Mihaela Cosmina, 2009. "New approaches regarding business combinations," MPRA Paper 18133, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18133

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    References listed on IDEAS

    1. Teodora Barbu & Georgeta Vintila, 2007. "The Consolidation on Banking Supervision in the Context of a Pan European Banking System," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 3(3(508)), pages 53-60, March.
    2. Miru, Oana Maria & Hetes-Gavra, Roxana & Nicolescu, Ana Cristina, 2008. "Applying Basel II Requirements in Romania," MPRA Paper 12613, University Library of Munich, Germany.
    3. Bogdan Firtescu, 2007. "Actual stage of development for basel ii and effects on romanian financial system soundness," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 54, pages 83-88, November.
    4. Andreas Jobst, 2007. "Consistent Quantitative Operational Risk Measurement and Regulation; Challenges of Model Specification, Data Collection and Loss Reporting," IMF Working Papers 07/254, International Monetary Fund.
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    More about this item


    control; acquisition method; fair value; non-controlling interest; goodwill;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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