CERTYNEX IFRS ACADEMY

Acquisition of Brande SA on 1 October N. At the reporting date of 31 December N, the valuation of a patent is not complete. The valuer's report received on 15 March N+1 concerns facts and circumstances that existed at 1 October N. What treatment does Brande apply?

It reports a provisional amount at 31 December N, then adjusts the combination retrospectively, the report being received before the end of the measurement period.

The final amount of the patent is recognised in profit or loss of N+1, because the accounting for N has already been published.

It does not adjust the combination, because the measurement period ended at the reporting date of 31 December N.

It adjusts the combination if the report is received before the financial statements for N are authorised for issue.