PBE34.75 | Paragraphs PBE34.76 to PBE34.86 apply to public benefit entities entering into the following entity combinations which involve a whole entity or parts of an entity combining with another entity: [AMD 578] |
(a) | combinations at nil or nominal consideration which are in substance a gift; and |
(b) | combinations which meet the definition and criteria of a merger. |
PBE34.76 | Combinations which are determined to be acquisitions shall be accounted for in accordance with Section 19 Business Combinations and Goodwill. |
AMD 578 Amendment Paragraph PBE34.75 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text PBE34.75 Paragraphs PBE34.76 to PBE34.86 apply only to public benefit entities for the following categories of entity combinations which involve a whole entity or parts of an entity combining with another entity: |
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