Disclosures about adjustments

Learning objectives

• Identify the disclosures about provisional amounts and measurement period adjustments.L3

Normative references

• IFRS 3 §61Objective: the acquirer discloses information that enables users to evaluate the financial effects of adjustments recognised in the current reporting period that relate to business combinations that occurred in the period or in previous reporting periods; para. 62 refers for this purpose to the detail in para. B67.
• IFRS 3 §B67Disclosures about adjustments (paras. 61 and 62), for each material business combination or in aggregate: provisional initial accounting (reasons, items concerned, nature and amount of measurement period adjustments); changes in contingent consideration assets and liabilities until they are settled; IAS 37 disclosures about the contingent liabilities recognised; reconciliation of the carrying amount of goodwill between the beginning and the end of the period.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• What is the scope of the information the acquirer discloses about adjustments to a business combination?L3