IFRS 3 Business Combinations
E453771
IFRS 3 Business Combinations is an international accounting standard that sets out the principles and requirements for how companies recognize, measure, and disclose business combinations such as mergers and acquisitions.
All labels observed (2)
| Label | Occurrences |
|---|---|
| IFRS 3 Business Combinations canonical | 3 |
| IAS 22 Business Combinations | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T4575886 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: IFRS 3 Business Combinations Context triple: [International Financial Reporting Standards, hasStandard, IFRS 3 Business Combinations]
-
A.
ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
-
B.
IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
-
C.
International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
-
D.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
-
E.
FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: IFRS 3 Business Combinations Target entity description: IFRS 3 Business Combinations is an international accounting standard that sets out the principles and requirements for how companies recognize, measure, and disclose business combinations such as mergers and acquisitions.
-
A.
ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
-
B.
IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
-
C.
International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
-
D.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
-
E.
FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
- F. None of above. chosen
Statements (60)
| Predicate | Object |
|---|---|
| instanceOf |
Accounting standard
ⓘ
Financial reporting standard ⓘ International Financial Reporting Standard ⓘ |
| allows |
Measurement of non‑controlling interest at fair value
ⓘ
Measurement of non‑controlling interest at the non‑controlling interest’s proportionate share of the acquiree’s identifiable net assets ⓘ |
| appliesTo |
Acquisitions of businesses
ⓘ
Business combinations achieved in stages ⓘ Reverse acquisitions ⓘ |
| corePrinciple |
An acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition‑date fair values
ⓘ
An acquirer shall recognize goodwill or a gain from a bargain purchase ⓘ An acquirer shall recognize the identifiable assets acquired, liabilities assumed and any non‑controlling interest in the acquiree ⓘ |
| defines |
Acquirer
ⓘ
Acquisition date ⓘ Bargain purchase ⓘ Business ⓘ Business combination ⓘ Contingent consideration ⓘ Goodwill ⓘ Identifiable assets and liabilities ⓘ Non‑controlling interest ⓘ |
| doesNotApplyTo |
Acquisition of an asset group that is not a business
ⓘ
Combinations of entities under common control ⓘ Formation of a joint venture ⓘ Joint arrangements under IFRS 11 ⓘ |
| focusesOn |
Recognition and measurement at acquisition date
ⓘ
Subsequent measurement and accounting for business combinations ⓘ |
| governs |
Business combinations
ⓘ
Mergers and acquisitions accounting ⓘ |
| issuedBy |
IASB
ⓘ
linked to:
International Accounting Standards Board
International Accounting Standards Board ⓘ |
| jurisdiction | Entities applying IFRS Standards worldwide ⓘ |
| prohibits | Pooling of interests method ⓘ |
| relatedTo |
IAS 36 Impairment of Assets
ⓘ
IAS 38 Intangible Assets ⓘ IFRS 10 Consolidated Financial Statements ⓘ IFRS 13 Fair Value Measurement ⓘ IFRS 9 Financial Instruments ⓘ |
| requires |
Acquisition method of accounting
ⓘ
Determination of the acquisition date ⓘ Disclosure of information that enables users to evaluate the nature and financial effect of business combinations ⓘ Disclosure of qualitative factors that make up goodwill ⓘ Disclosure of recognized amounts of each major class of assets acquired and liabilities assumed ⓘ Disclosure of revenue and profit or loss of the acquiree since the acquisition date included in the acquirer’s profit or loss ⓘ Disclosure of the acquisition‑date fair value of consideration transferred ⓘ Disclosure of the amount of goodwill recognized ⓘ Disclosure of the primary reasons for the business combination ⓘ Identification of the acquirer ⓘ Measurement of consideration transferred at fair value ⓘ Measurement of identifiable intangible assets at fair value at acquisition date ⓘ Recognition and measurement of goodwill or gain from a bargain purchase ⓘ Recognition and measurement of identifiable assets acquired ⓘ Recognition and measurement of liabilities assumed ⓘ Recognition and measurement of non‑controlling interests ⓘ Recognition of acquisition‑related costs as expenses in the periods in which the costs are incurred ⓘ Recognition of contingent consideration at fair value at acquisition date ⓘ Recognition of remeasurement gain or loss on previously held interest in profit or loss ⓘ Recognition of step acquisitions at fair value of previously held interest at acquisition date ⓘ Separate recognition of identifiable intangible assets from goodwill ⓘ Subsequent measurement of contingent consideration in accordance with IFRS 9 or other applicable IFRS ⓘ |
| superseded |
IAS 22 Business Combinations
ⓘ
linked to:
IFRS 3 Business Combinations
|
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: IFRS 3 Business Combinations Description of subject: IFRS 3 Business Combinations is an international accounting standard that sets out the principles and requirements for how companies recognize, measure, and disclose business combinations such as mergers and acquisitions.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: IFRS 3 Business Combinations