Ind AS - 103 - Business Combinations

Business combination accounting: acquisition method requires acquisition-date recognition and fair-value measurement with specified exceptions and disclosures.

Ind AS 103 mandates the acquisition method for business combinations: identify the acquirer and acquisition date; recognise and measure identifiable assets acquired, liabilities assumed and any non-controlling interest; measure those items at acquisition-date fair value subject to specified exceptions (for example, income taxes, employee benefits, indemnification assets, certain lease and insurance contracts, reacquired rights, share-based payments and contingent items); recognise goodwill as the excess of consideration plus non-controlling interest and previously held interests over net identifiable assets, with procedures for bargain purchases; apply a one-year measurement period for provisional amounts; and make extensive disclosures to enable evaluation of the nature and financial effects of the combination.