Intangible Assets in a Business Combination - Identifying and valuing intangibles under IFRS 3
Published by the IFRS team at Grant Thornton International Ltd.
The revised version of IFRS 3 Business Combinations, published by the International Accounting Standards Board in January 2008, has drawn renewed attention to a complex and developing area of financial reporting - the recognition and measurement of intangible assets. Acquirers in business combinations can expect reported amounts of intangible assets and goodwill to be closely scrutinised by investors, analysts and regulators. The Intangible Assets Guide includes practical guidance on the detection of intangible assets in a business combination and explains how they might be valued. An overview of IFRS 3 summarises the main aspects of accounting for business combinations and draws out a number of practical points to consider.