CERTYNEX IFRS ACADEMY

A colleague summarises the scope of IFRS 3 for a business combination file. Which statement in the summary is wrong?

The acquisition of a group of assets that is not a business is outside the scope of IFRS 3.

The exclusion of the formation of a joint arrangement covers joint ventures, not joint operations.

The combination of entities under common control is outside the scope of IFRS 3.

The clarification on joint arrangements applies to the financial statements of the joint arrangement itself.