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Unit 15 - Business Combinations (Accounting for a business combination…
Unit 15 - Business Combinations
Identify a business combination (LO1)
Definition of business combination (CSG 15-2)
Concept of control (LO2)
Definition of control (CSG 15-4)
Elements of control (CSG 15-5)
Determining control (CSG 15-5)
Step 1(a) - Identify the investee
Step 1(b) - Identify relevant activities of investee
Step 1(c) - Does investor have power over investee
Step 1(d) - Does investor have exposure to variable returns
Step 1(e) - Does investor have power over investee to affect its returns
Accounting for a business combination (LO3)
Step 3 - Recognise/measure identifiable assets (CSG 15-12)
Step 4 - Measure consideration transferred (CSG 15-16)
Step 2 - Determine acquisition date (CSG 15-11)
Step 5 - Recognise/measure goodwill/gain from bargain purchase (CSG 15-19)
Step 1 - Identify acquirer (see control concept) (CSG 15-3)
Subsequent accounting (LO4)
Measurement period adjustments (CSG 15-22)
Adjustments after measurement period (CSG 15-24)
Other accounting issues
Contingent liabilities (CSG 15-24)
Contingent consideration (CSG 15-24)
Disclosures (CSG 15-26)