https://www.taxtmi.com/acts?id=19793 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. en-us Wed, 03 Jun 2015 15:19:25 +0530 Thu, 22 Aug 2024 11:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19793 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. Act-Rules Companies Law Wed, 03 Jun 2015 15:19:25 +0530 https://www.taxtmi.com/acts?id=19793