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<h1>Ind AS 103: Guidelines on Business Combinations, Acquisition Method, and Pooling of Interests for Financial Clarity.</h1> Indian Accounting Standard (Ind AS) 103 on Business Combinations aims to enhance the relevance, reliability, and comparability of financial information related to business combinations. It establishes principles for recognizing and measuring identifiable assets, liabilities, non-controlling interests, and goodwill or gain from bargain purchases. The standard mandates the use of the acquisition method, which involves identifying the acquirer, determining the acquisition date, and recognizing and measuring assets and liabilities at fair value. Ind AS 103 also provides guidance on exceptions to recognition and measurement principles, disclosure requirements, and accounting for business combinations under common control using the pooling of interests method.