Business combinations under common control

Article on closing a gap in the IFRS standards


Accounting for business combinations under common control is an issue not currently addressed in IFRS Standards. Such combinations are widespread and the accounting for them is diverse. The Board’s preliminary views aim to reduce diversity in practice and to improve the information provided to investors so they can understand the effects of these transactions and compare companies that undertake them. The Australian Accounting Review published three articles relating to business combinations under common control (BCUCC):

All three articles are free to access until December 2021.