IFRS 3Chapter 5Lesson 1
Measuring at fair value: identifiable net assets
Step 1 of 6Learning objectives
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At the acquisition date, the identifiable assets acquired and the liabilities assumed are measured at fair value, subject to exceptions; their difference is the identifiable net assets, the basis for calculating goodwill.
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Learning objectives
- Explain why the acquirer measures at fair value and not at the acquiree's carrying amount.
- Calculate identifiable net assets from fair values given in a case.
- Place the pointer to IFRS 13 and the subsequent measurement rules.