Question 1

Net employee benefit liabilities acquired in a business combination are measured by using the:

Accepted Answer

A)  present value method. 
B)  estimated total of future cash outflows, undiscounted. 
C)  face value of the liabilities. 
D)  cash method. 
A)  present value method. 
B)  estimated total of future cash outflows, undiscounted. 
C)  face value of the liabilities. 
D)  cash method.

Question 2

The information contained within Appendix B of AASB 3/IFRS 3 in relation to disclosure:

Accepted Answer

A)  is not mandatory, but contains optional additional disclosures. 
B)  contains prescribed presentation formats for disclosure of business combinations. 
C)  is an integral part of AASB 3/IFRS 3. 
D)  is complementary to the main disclosure requirements within the body of AASB 3/IFRS 3. 
A)  is not mandatory, but contains optional additional disclosures. 
B)  contains prescribed presentation formats for disclosure of business combinations. 
C)  is an integral part of AASB 3/IFRS 3. 
D)  is complementary to the main disclosure requirements within the body of AASB 3/IFRS 3.

Question 3

The consideration transferred in a business combination is measured as the fair value of the:

Accepted Answer

A)  net assets acquired. 
B)  costs directly attributable to the combination. 
C)  consideration given. 
D)  consideration given plus directly attributable costs. 
A)  net assets acquired. 
B)  costs directly attributable to the combination. 
C)  consideration given. 
D)  consideration given plus directly attributable costs.

Net employee benefit liabilities acquired in a business combination are measured by using the:

The information contained within Appendix B of AASB 3/IFRS 3 in relation to disclosure:

The consideration transferred in a business combination is measured as the fair value of the:

Accounting Regulation and the Conceptual Framework

Application of Accounting Theory

Fair Value Measurement

Inventories

Property, Plant and Equipment

Intangible Assets

Impairment of Assets

Provisions, Contingent Liabilities and Contingent Assets

Employee Benefits

Leases

Financial Instruments

Income Taxes

Share Capital and Reserves

Share-Based Payment

Revenue

Presentation of Financial Statements

Statement of Cash Flows

Accounting Policies and Other Disclosures

Earnings Per Share

Operating Segments

Related Party Disclosures

Sustainability and Corporate Social Responsibility Reporting

Foreign Currency Transactions and Forward Exchange Contracts

Translation of Foreign Currency Financial Statements

Consolidation: Controlled Entities

Consolidation: Wholly Owned Entities

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Associates and Joint Ventures

Joint Arrangements

Insolvency and Liquidation

Accounting for Mineral Resources

Agriculture

Filters

Exam 25: Business Combinations

Net employee benefit liabilities acquired in a business combination are measured by using the:

The information contained within Appendix B of AASB 3/IFRS 3 in relation to disclosure:

The consideration transferred in a business combination is measured as the fair value of the:

Accounting Regulation and the Conceptual Framework

Application of Accounting Theory

Fair Value Measurement

Inventories

Property, Plant and Equipment

Intangible Assets

Impairment of Assets

Provisions, Contingent Liabilities and Contingent Assets

Employee Benefits

Leases

Financial Instruments

Income Taxes

Share Capital and Reserves

Share-Based Payment

Revenue

Presentation of Financial Statements

Statement of Cash Flows

Accounting Policies and Other Disclosures

Earnings Per Share

Operating Segments

Related Party Disclosures

Sustainability and Corporate Social Responsibility Reporting

Foreign Currency Transactions and Forward Exchange Contracts

Translation of Foreign Currency Financial Statements

Consolidation: Controlled Entities

Consolidation: Wholly Owned Entities

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Associates and Joint Ventures

Joint Arrangements

Insolvency and Liquidation

Accounting for Mineral Resources

Agriculture

Filters