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Goodwill arising on acquistion under Ind AS 103
Do goodwill arising on acquisition under IND AS 103 is amortized. What is the period of amortization?
Replies (2)
Goodwill will not amortized.
It will go for Impairment test in according to IND AS 36
It will go for Impairment test in according to IND AS 36
Hello Friends,
To understand the complete provisions of Ind AS 103 with respect to Reverse Acquisition, Please check out below video
https://www.youtube.com/watch?v=xULKoJPYCjY
This video explains the concept of reverse acquisition and explains the guidelines provided by Ind AS 103 "Business Combination" for accounting such transactions in Consolidated Financial Statements. This video is very helpful for CA, CS and CMA students.
Regards,
Gopal
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