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/lp/wiley/business-combinations-under-common-control-a-controlling-entity-cost-c3eaUzuyCO
- Publisher
- Wiley
- Copyright
- © 2021 CPA Australia Ltd (CPA Australia)
- ISSN
- 1035-6908
- eISSN
- 1835-2561
- DOI
- 10.1111/auar.12354
- Publisher site
- See Article on Publisher Site
Abstract
This paper discusses the controlling entity's perspective in business combinations under common control (BCUCC) and suggests some issues for the International Accounting Standards Board (IASB) to consider in its redeliberations on the preliminary views in the Discussion Paper. The paper explains the use of a book‐value approach in practice, specifically by listed companies and pre‐listing initial public offering (IPO) candidates in Hong Kong, the relevance of the controlling entity perspective and the importance of pre‐combination information to users of the financial statements. This paper discusses the controlling entity's perspective in BCUCC and suggests some issues for the IASB to consider in its redeliberations on the preliminary views in the Discussion Paper.
Journal
Australian Accounting Review – Wiley
Published: Dec 1, 2021