Evaluate the current control requirements in business

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Reference no: EM131784994

Assignment 3: IFRS Reporting for Business Combinations, Joint Ventures and Interests in Associates

Due Week 8 and worth 150 points

Business combinations, generally referred to as mergers and acquisitions, are important in global capital markets. The reporting requirements for investments in associates, joint ventures and business combinations are dependent upon control. The objective of IFRS is to provide useful information to users about the economic entity under the control of a parent and its management.

Write a four to five (4-5) page paper in which you:

Evaluate the current control requirements in business combinations for filing consolidated returns under IFRS.

Speculate how the changes for reporting non-controlling (minority) interest will impact valuation.

Assess the significance of the changes reflected in IFRS 10 on reporting requirements for business combinations.

Identify problems that can be eliminated with special purpose entity reporting.

Determine how the control requirements under IFRS will apply to interests in associates and joint ventures and examine the impact of the reporting requirements on the comparability of financial statements.

Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Reference no: EM131784994

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