Understanding Australian Accounting Standards 3E - Loftus - SMch24_sm_loftus

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1、SolutionsManualtoaccompanyUnderstandingAustralianAccountingStandardsByJaniceLoftus,KenLeo,RuthPicker,VictoriaWiseandKerryClarkPreparedbyKenLeoJohnWiley&SonsAustralia,Ltd2013Chapter24:BusinesscombinationsChapter24:BusinesscombinationsComprehensionquestions1.Whatismeantbya‘businesscombination’?AASB

2、3AppendixA:Business:“anintegratedsetofactivitiesandassetsthatiscapableofbeingconductedandmanagedforthepurposeofprovidingareturnintheformofdividends,lowercostsorothereconomicbenefitsdirectlytoinvestorsorotherowners,membersorparticipants”Businesscombination:Atransactionorothereventinwhichanacquirer

3、obtainscontrolofoneormorebusinesses”Considerinputs,processesandoutputsOnlyinabusinesscombinationcangoodwillbepresent.2.Discusstheimportanceofidentifyingtheacquisitiondate.Acquisitiondateisthedateonwhichtheacquirerobtainscontroloftheacquiree.Importantbecauseonthisdate:·thefairvaluesoftheidentifiab

4、leassetsacquiredandliabilitiesassumedaremeasured.·thefairvalueoftheconsiderationtransferredismeasured·thegoodwillorgainonbargainpurchaseiscalculated.3.Whatismeantby‘contingentconsideration’andhowisitaccountedfor?AppendixA:Contingentconsideration:Usually,anobligationoftheacquirertotransferaddition

5、alassetsorequityintereststotheformerownersofanacquireeaspartoftheexchangeforcontroloftheacquireeifspecifiedfutureeventsoccurorconditionsaremet.However,contingentconsiderationalsomaygivetheacquirertherighttothereturnofpreviouslytransferredconsiderationifspecifiedconditionsaremet.SeeAASB3paras.39-4

6、0Para39:Theconsiderationtransferredincludesanyassetorliabilityresultingfromacontingentconsiderationarrangement.Thisismeasuredatfairvalueatacquisitiondate.Para40:Theacquirershallclassifytheobligationtopaycontingentconsiderationasaliabilityorequity.Para58:Changesinthemeasurementoftheobligationsubse

7、quenttoacquisitiondateresultingfromeventsaftertheacquisitiondateareaccountedfordifferentlydependingonwhethertheobligationwasclassifiedasequityordebt.©JohnWileyandSonsAustraliaLtd201324.42Chapter24:BusinesscombinationsI