CERTYNEX IFRS ACADEMY

Which statements about the objective of the disclosures on a business combination are correct? More than one answer is possible.

The acquirer discloses information that enables users to evaluate the nature and financial effect of a business combination effected during the period.

The objective also covers a business combination effected after the reporting date but before the financial statements are authorised for issue.

A business combination effected after the reporting date is ignored in the period's disclosures, even if it occurs before authorisation for issue.

To meet this objective, the acquirer discloses the information specified in paragraphs B64 to B66.

The objective is to enable users to forecast the acquiree's future profit over several periods.