Global Standards for the world economy

Sunday 04 December 2016

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Definition of a business

Business Combinations: Definition of a business


 IFRS Interpretations Committee agenda decision

IFRS 3 Business Combinations: Definition of a business

The Interpretations Committee contributes to the IASB's Post-Implementation Review of IFRS 3 Business Combinations (revised 2008) ('the PIR of IFRS 3') its experience on difficulties in distinguishing a business combination from an asset acquisition.

Project stages

Deliberations

Stage completed on 14 May 2013 in the meeting of the Interpretations Committee