Indian Accounting Standard 103

The objective of the Indian Accounting Standard 103 is to improve the relevance, eliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. To accomplish that, this Indian Accounting Standard establishes principles and requirements for how the acquirer:recognises and measures in its financial statements the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree recognises and measures the goodwill acquired in the business combination or a gain from a bargain purchase.


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