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Financial Reporting Webinar Series: IASB project update - Business combinations under common control

Webinar: 10:15 - 11:30, 19 March 2021

Webinar: 10:15 - 11:30, 19 March 2021

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19 March 2021

The International Accounting Standards Board (IASB) issued its Discussion Paper (DP) on the treatment of business combinations under common control (BCUCC). In particular, the DP sets out the IASB’s preliminary views of when the book-value method or the acquisition method should be applied. 

Restructuring involving BCUCCs are common in companies in preparation for their IPOs. For entities reporting under Hong Kong Financial Reporting Standards, the proposed requirements would be a significant change from HKICPA’s AG 5 Merger Accounting for Common Control Combinations. 

With this backdrop, the webinar aims to cover the following:

  • Overview of the proposals in the DP
  • Circumstances in which the acquisition or book-value method would be applied
  • Practical considerations of the proposed requirements

For enquiries, please email Wing Cheung or contact her at +852 3927 5626.


William Wong
Senior Vice President
Head of Accounting Affairs Listing Division

Cecilia Kwei
Director, Standard Setting

Paul Lau
Head of Capital Markets and Professional Practice

Serene Seah-Tan
Department of Professional Practice
KPMG China

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