Dialogue with standard setters. Business Combinations under Common Control: Concerns, Criticisms and Strides

Autor:	Mauro Romano, Tiziano Onesti, Marco Taliento, Raffaele Fiume
Rok vydání:	2015
Předmět:	Accounting method Scope (project management) business.industry Economic substance Restructuring Economics Context (language use) Accounting business Control (linguistics) Capital market Database transaction
Zdroj:	FINANCIAL REPORTING. :107-126
ISSN:	2036-6779 2036-671X
DOI:	10.3280/fr2015-001005
Popis:	Although excluded from the scope of IFRS 3, business combinations under common control (BCUCCs) are widespread transactions that take place all over the world in different forms, often as a reorganization or restructuring among related parties. These transactions occur when entities are ultimately - not transiently - controlled by the same party/ies before and after the combination (which is neither a capital market nor an arm's length transaction and devoid of economic substance: indeed, no change of control is entailed). The scarce and fragmentary literature, not to mention the lack of clear consensus on the topic, contributes to the prevailing concerns on how to account for BCUCCs. In this complex context, the purpose of this work is to assess the possible and various accounting methods and identify the most suitable, accredited and consistent techniques.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c8bd93c5f78306332e0fade58aca4c0e https://doi.org/10.3280/fr2015-001005 Zobrazit plný text záznamu