Naslov
Accounting treatment of business combinations based on IFRS 3

Autori
Perčević, Hrvoje ; Dražić Lutilsky, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
XXIII microCAD International Scientific Conference: Company Competitivness in XXI Century / Dobroka, Mihaly - Miskolc : University of Miskolc, 2009, 183-188

ISBN
978-963-661-866-7

Skup
XXIII microCAD International Scientific Conference: Company Competitivness in XXI Century

Mjesto i datum
Miskolc, Mađarska, 19.03.2009. - 20.03.2009

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
business combinations; purchase method; IFRS 3

Sažetak
In recent decade the number of business combinations at national and international level has rapidly increased. Companies are undertaking or entering into business combinations in order to achieve certain financial or non-financial goals. Globalisation process imposed the new business conditions and made the undertaking the business combination much easier through the globalisation of financial markets. Large multinational companies are the main players at international level which undertaking the business combinations in order to growth and to increase efficiency. Although multinational companies, which are presence in almost all significant world markets, have many operating objectives besides growth, all these objectives are motivated by growth. Some typical business combinations objectives are increase in profitability, risk reduction by diversification, increase in stock market value, avoidance of economic restrictions, gain tax benefits, change in management and so on. Achieving growth by business combinations is much more rapid than achieving growth through internal means. Due to the globalisation of financial markets and business combinations at international level, the International Financial Reporting Standards have been developed. The basic aim of IFRS’s is to enable the comparison of financial statements of listed companies regardless the stock market at which the certain company is listed. All listed companies should apply IFRS’s in order to make their financial statements comparable at international level. Therefore, all listed companies should account business combinations by applying the same accounting method. IFRS’s prescribe the accounting treatment of business combinations which is a guide for accounting policies on business combinations. Business combinations can be undertaken by unlisted companies also. In that case, business combinations can be accounted by applying national accounting or financial reporting standards as well as IFRS’s if national institutional framework enables it.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA