[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-29894":3,"doc-seo-29894":21},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":4,"is_deleted":4,"is_public":19,"is_downloadable":19,"audit_status":19,"update_tm":20},29894,1374391975076,"Riley","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",8,"Research & Report","IFRS in Your Pocket 2023","IFRS 3 Business Combinations provides critical insights into the accounting framework for business combinations, specifying the criteria for recognizing and measuring acquired assets, liabilities, and any non-controlling interest. The document clarifies that IFRS 3 does not extend to the accounting for joint arrangements formed within the joint arrangement's own financial statements, nor does it cover the acquisition of assets or asset groups that do not qualify as businesses. Furthermore, combinations of entities or businesses operating under common control are explicitly excluded from its scope. The definition of 'control of an investee' is central, emphasizing that an investor gains control when it is exposed to, or holds rights to, variable returns from its engagement with the investee, coupled with the ability to influence those returns through its power over the investee. Power is established when existing rights confer upon the investor the current capacity to direct the relevant activities of the investee, specifically those activities that significantly impact the investee's profitability. Rights to variable returns signify that the investor is exposed to or possesses rights to returns contingent upon the investee's financial performance. The linkage between power and returns dictates that control is achieved when an investor wields power over an investee, has exposure or rights to its variable returns, and can leverage this power to shape the investee's financial outcomes. The document also addresses the investor's determination of its role as either a principal or an agent. An entity acting as an agent, even with power, does not command control over an investee when merely exercising delegated rights. A 'Business' is defined as an integrated collection of activities and assets capable of being managed and conducted to deliver goods or services to customers, generate investment income, or yield other ordinary income. A business combination is characterized as a transaction or event where an acquirer gains control of a business through means such as acquiring shares, net assets, legal mergers, or reverse acquisitions, fundamentally altering the control landscape of the acquired entity.","cbCaisu4GgIWze35","https://ap.wps.com/l/cbCaisu4GgIWze35","pdf",805973,1,1778284908,{"code":4,"msg":22,"data":23},"ok",{"site_id":24,"language":25,"slug":26,"title":13,"keywords":27,"description":14,"schema_data":28,"social_meta":62,"head_meta":64,"extra_data":66,"updated_unix":20},105,"en","ifrs-in-your-pocket-2023","",{"@graph":29,"@context":61},[30,47],{"@type":31,"itemListElement":32},"BreadcrumbList",[33,37,41,44],{"item":34,"name":35,"@type":36,"position":19},"https://docshare.wps.com","Home","ListItem",{"item":38,"name":39,"@type":36,"position":40},"https://docshare.wps.com/document/","Document",2,{"item":42,"name":12,"@type":36,"position":43},"https://docshare.wps.com/document/research-report/",3,{"item":45,"name":13,"@type":36,"position":46},"https://docshare.wps.com/document/ifrs-in-your-pocket-2023/29894",4,{"url":45,"name":13,"@type":48,"author":49,"headline":13,"publisher":51,"fileFormat":54,"description":14,"dateModified":55,"datePublished":55,"encodingFormat":54,"isAccessibleForFree":56,"interactionStatistic":57},"DigitalDocument",{"name":9,"@type":50},"Person",{"url":34,"name":52,"@type":53},"DocShare","Organization","application/pdf","2026-05-09",true,{"@type":58,"interactionType":59,"userInteractionCount":4},"InteractionCounter",{"@type":60},"ViewAction","https://schema.org",{"og:url":45,"og:type":63,"og:title":13,"og:site_name":52,"og:description":14},"article",{"robots":65,"canonical":45},"index,follow",{"doc_id":7,"site_id":24}]