IFRS 3Chapter 10Lesson 1
A step acquisition: the previously held interest is remeasured
Step 1 of 5Learning objectives
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When the acquirer obtains control of an entity in which it already held an interest, it remeasures that interest at fair value at the acquisition date, recognises the gain or loss in profit or loss or in other comprehensive income as appropriate, and includes that fair value in goodwill.
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Learning objectives
- Calculate the gain or loss on remeasuring the previously held interest.
- Calculate goodwill in a step acquisition.
- Record the reclassification of other comprehensive income on obtaining control.