Link with IFRS 3

Learning objectives

• Explain that obtaining control triggers IFRS 3 and that control is defined by IFRS 10.L2

Normative references

The syntheses of the reference register are written in French: only the paragraph reference is shown here.

1 question

• Cèdre SA acquires the majority of the voting rights of a business (within the meaning of IFRS 3). Case convention: the three elements of control under IFRS 10 are present. How do the two standards fit together in accounting for this acquisition?L2