CERTYNEX IFRS ACADEMY

At the acquisition date, on what basis does the acquirer classify or designate the identifiable assets acquired and the liabilities assumed, for example a financial instrument?

According to the classification the acquiree chose when the contract was entered into, which remains valid in the acquirer's accounts.

According to the conditions existing when the acquiree entered into the contract, reconstructed from the information of the time.

According to the contractual terms, economic conditions, its policies and other conditions existing at that date.

According to the acquiree's accounting policies, maintained in the group to avoid a change of classification.