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Better information about business combinations—Goodwill and Impairment

The International Accounting Standards Board (IASB) is carrying out a research project on goodwill and impairment following its Post-implementation Review of IFRS 3 Business Combinations.

The IASB is investigating how companies can provide users of financial statements with better information about mergers and acquisitions (business combinations) at a reasonable cost. This investigation includes the challenging question of how companies should account for goodwill after the business combination.

In this article, Tom Scott, a member of the IASB, discusses the IASB’s preliminary views and how stakeholders can help the Board by commenting on its forthcoming discussion paper.

The IASB’s Press Release can be accessed at www.ifrs.org.

10 September 2019