CERTYNEX IFRS ACADEMY

Fourteen months after the acquisition, Vignes SA, whose measurement period has ended, discovers a calculation error in the measurement of a plot of land at the acquisition date. Which treatment applies?

It recognises the difference in the profit or loss of the current year, without correcting prior periods.

It adjusts goodwill retrospectively, as during the measurement period, without going through the correction of an error.

It corrects nothing: after the measurement period, the accounting for the combination is final.

It corrects the error under IAS 8, the accounting for the combination being changed after the measurement period only for that reason.