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IFRS Talks - PwC's Global IFRS podcast
April 2024: Improving reporting about acquisitions
Apr 4, 2024
Craig Smith from the IASB technical staff joins to discuss improving reporting about acquisitions. Topics include complexities of Goodwill accounting, criteria for identifying strategic business combinations, balancing preparer concerns with investor needs, and exploring proposals in exposure draft.
24:16
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Quick takeaways
- New disclosure requirements in IFRS3 focus on business combinations' performance and synergies.
- Proposals aim to clarify goodwill allocation, reduce shielding, and enhance impairment test effectiveness.
Deep dives
Proposals for Business Combination Disclosure and Impairment Test
The podcast episode delves into the exposure draft by the iSpee, discussing proposals for business combination disclosure and the impairment test. One key proposal involves adding new disclosure requirements in iFRS3, focusing on performance of business combinations and quantitative details about synergies. Additionally, changes in IS-36 aim to clarify goodwill allocation and enhance timeliness without sacrificing effectiveness.
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