CERTYNEX IFRS ACADEMY

Three weeks after the reporting date, Quuscia signs the acquisition of a competitor that will double its size. How is it treated in the accounts for the year just ended?

Recognise the acquisition at 31 December, since negotiations had started before the reporting date.

Ignore the transaction, which concerns only the following year.

No adjustment; disclosure of the transaction is generally required.

Recognise a provision for the expected acquisition costs.