CERTYNEX IFRS ACADEMY

Quasar SA signs the agreement to acquire Pavot SA on 15 November. The price and the shares are transferred (closing) on 20 December. Case assumption: a written agreement provides that Quasar directs Pavot's activities from 1 December, and the relevant facts and circumstances confirm that it has control on that date. Quasar's reporting period ends on 31 December. What is the acquisition date?

1 December, the date on which Quasar obtains control of Pavot.

20 December, the closing date of the transaction and of the transfer of the price.

15 November, the date the acquisition agreement is signed.

31 December, the end of Quasar's reporting period.