Global Standards for the world economy

Thursday 02 April 2020

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Work plan for IFRSs

Business combinations

Business Combinations


In January 2008 we completed the second phase of the Business Combinations project by publishing a revised version of IFRS 3 Business Combinations and an amended version of IAS 27 Consolidated and Separate Financial Statements.

The new requirements come into effect on 1 July 2009, although earlier adoption is permitted.

The new versions of IFRS 3 and IAS 27 are available on our subscriber website. Printed copies can be purchased from our Publications Department.

The project was undertaken with the US Financial Accounting Standards Board (FASB). The FASB’s equivalents to IFRS 3 and IAS 27 are SFAS 141(R) Business Combinations and SFAS 160 Noncontrolling Interests in Consolidated Financial Statements. Those standards are available on the FASB website.

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