Subsequent measurement of items acquired

Learning objectives

• Identify the Standard applicable to the subsequent measurement of an acquired item and the four cases for which IFRS 3 provides specific guidance.L2, L3

Normative references

• IFRS 3 §54In general, after the acquisition date, the acquirer measures and accounts for the assets acquired, the liabilities assumed and the equity instruments issued in accordance with the applicable IFRSs; IFRS 3 provides specific guidance for reacquired rights, contingent liabilities, indemnification assets and contingent consideration.

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

2 questions

• As a general rule, after the acquisition date, the acquirer measures and accounts for the assets acquired, the liabilities assumed and the equity instruments issued in accordance with the IFRSs applicable to those items.L2
• Which statements about the subsequent measurement of the items of a business combination are correct? More than one answer is possible.L3