IFRS 3 acquisition accounting is more than a statutory requirement. It affects financial results and can influence business strategy. All listed companies (excluding AIM) have had to comply with IFRS 3 for all periods beginning on or after 1 January 2005.
All companies listed on AIM will be required to report under IFRS 3 for accounting periods beginning on or after 1 January 2007.
So, how can we help with IFRS 3?
We can:
- identify intangible assets acquired in the transaction, identifiable under IFRS 3
- select the appropriate valuation methodologies
- assess the useful economic life of intangible assets
- research other appropriate valuation inputs
- prepare valuation calculations
- ensure that the value of different assets is not double-counted
- document the results of the valuation in a full report liaise with your auditors and agree the valuation
- We can also adopt the same approach for US GAAP under SFAS 141.
For further information or guidance concerning IFRS 3 or any other aspect of our valuation services, please contact Andrew Caldwell.
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