AG5_Merger_Accounting_for_Common_Control_Combinations

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1、AG5IssuedNovember2005EffectiveuponissueAccountingGuideline5MergerAccountingforCommonControlCombinationsMERGERACCOUNTINGFORCOMMONCONTROLCOMBINATIONSCOPYRIGHT©Copyright2008HongKongInstituteofCertifiedPublicAccountantsThisAccountingGuidelinecontainsHongKongInstituteofCertifiedPublic

2、Accountantscopyrightmaterial.Reproductioninunalteredform(retainingthisnotice)ispermittedforpersonalandnon-commercialusesubjecttotheinclusionofanacknowledgmentofthesource.RequestsandinquiriesconcerningreproductionandrightsforcommercialpurposesshouldbeaddressedtotheDirector,Operati

3、onandFinance,HongKongInstituteofCertifiedPublicAccountants,37/F.,WuChungHouse,213Queen'sRoadEast,Wanchai,HongKong.©Copyright1AAG5MERGERACCOUNTINGFORCOMMONCONTROLCOMBINATIONSContentsParagraphsACCOUNTINGGUIDELINE5MERGERACCOUNTINGFORCOMMONCONTROLCOMBINATIONSINTRODUCTION1-5THEPRINCIP

4、LES6-9THEPROCEDURES10-13ACCOUNTINGPERIODCOVEREDBYANEWLYFORMEDPARENT14-15DISCLOSURESINADDITIONTOTHOSEREQUIREDBYAPPLICABLEHKFRSs16-19EARNINGSPERSHARE20APPENDIX-EXAMPLE©Copyright2AG5MERGERACCOUNTINGFORCOMMONCONTROLCOMBINATIONSHongKongAccountingGuideline5MergerAccountingforCommonCont

5、rolCombinationsIntroduction1.Startingfrom1January2005,HKFRS3BusinessCombinationsappliestoallbusinesscombinationsexceptwhereacombinationisspecificallyexcludedfromitsscope.ForthosebusinesscombinationsoutsidethescopeofHKFRS3,forexample,businesscombinationsinvolvingentitiesorbusiness

6、esundercommoncontrol,thereisnospecificaccountingstandardaddressingtheappropriateaccountingtreatment.2.HKFRS3definesabusinesscombinationinvolvingentitiesorbusinessesundercommoncontrolas“abusinesscombinationinwhichallofthecombiningentitiesorbusinessesareultimatelycontrolledbythesam

7、epartyorpartiesbothbeforeandafterthebusinesscombination,andthatcontrolisnottransitory”.SuchbusinesscombinationsarereferredtohereafterinthisAccountingGuidelineas“commoncontrolcombinations”todistinguishthemfromotherbusinesscombinationswhichfallwithinoroutsidethescopeofHKFRS3.3.HKAS

8、8AccountingPolicies,ChangesinAccountingE