BDO Publishes IFRS In Practice: Distinguishing between a business combination and an asset purchase in the extractives industry (2019/2020)
08 January 2020
BDO has published an update to its publication IFRS In Practice: Distinguishing between a business combination and an asset purchase in the extractives industry (2019/2020).
This publication is updated for the amendments made to IFRS 3, Business Combinations and includes examples of how to apply the revised definition of a business to the extractives industry. It also contains information on the practical implications of whether an acquisition is accounted for as a business combination or not.
The publication can be accessed here.