IFRS 3Chapter 9Lesson 1
The consideration transferred and acquisition-related costs
Step 1 of 7Learning objectives
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The consideration transferred is the sum of the fair values, at the acquisition date, of the assets transferred, the liabilities incurred to the former owners and the shares issued; acquisition-related costs are not part of it and are expensed.
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Learning objectives
- Calculate the consideration transferred from its components at fair value.
- Distinguish what goes into the consideration from what does not.
- Record acquisition-related costs as expenses for the period.