Business Combinations This version includes amendments resulting from IFRSs issued up to 17 January 2008. IAS 22 Business Combinations was issued by the International Accounting Standards Committee in October 1998. It was a revision of IAS 22 Business Combinations (issued in December 1993), which replaced IAS 22 Accounting for Business Combinations (issued in November 1983). In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In March 2004 the IASB issued IFRS 3 Business Combinations. It replaced IAS 22 and. | IFRS 3 International Financial Reporting Standard 3 Business Combinations This version includes amendments resulting from IFRSs issued up to 17 January 2008. IAS 22 Business Combinations was issued by the International Accounting Standards Committee in October 1998. It was a revision of IAS 22 Business Combinations issued in December 1993 which replaced IAS 22 Accounting for Business Combinations issued in November 1983 . In April 2001 the International Accounting Standards Board IASB resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In March 2004 the IASB issued IFRS 3 Business Combinations. It replaced IAS 22 and three Interpretations SIC-9 Business Combinations Classification either as Acquisitions or Unitings of Interests SIC-22 Business Combinations Subsequent Adjustment of Fair Values and Goodwill Initially Reported SIC-28 Business Combinations Date of Exchange and Fair Value of Equity Instruments. IFRS 3 was amended by IFRS 5 Non-current Assets Held for Sale and Discontinued Operations issued March 2004 . IAS 1 Presentation of Financial Statements as revised in September 2007 amended the terminology used throughout IFRSs including IFRS 3. In January 2008 the IASB issued a revised IFRS 3. The following Interpretations refer to IFRS 3 SIC-32 Intangible Assets Web Site Costs issued March 2002 and amended by IFRS 3 in March 2004 IFRIC 9 Reassessment of Embedded Derivatives issued March 2006 . IASCF 323 IFRS 3 Contents paragraphs INTRODUCTION IN1-IN13 INTERNATIONAL FINANCIAL REPORTING STANDARD 3 BUSINESS COMBINATIONS OBJECTIVE 1 SCOPE 2 IDENTIFYING A BUSINESS COMBINATION 3 THE ACQUISITION METHOD 4-53 Identifying the acquirer 6-7 Determining the acquisition date 8-9 Recognising and measuring the identifiable assets acquired the liabilities assumed and any non-controlling interest in the acquiree 10-31 Recognition principle 10-17 Recognition conditions .
