Episode 1: IFRS 3 Acquisition of a Business

The podcast explores the distinction between a business and an asset in accounting, discussing examples and the ambiguity in certain industries. It also covers the characteristics of a business combination and changes to the standard, as well as the accounting treatment of contingent consideration in asset acquisitions. Additionally, the podcast delves into accounting considerations for business combinations and asset acquisitions, including golden parachutes, indemnifications, and disclosure requirements.