Division Issue

United Kingdom Repealed

1. 1Division 1
2. 2IAS 22.71 (revised 1998) indicates that in accounting for a business acquisition, identifiable assets and liabilities, which are acquired but do not satisfy the criteria … for separate recognition when the acquisition is initially accounted for, should be recognised subsequently as and when they satisfy the criteria. The carrying amounts of identifiable assets and liabilities acquired should be adjusted when, subsequent to acquisition, additional evidence becomes available to assist with the estimation of the amounts assigned to those identifiable assets and liabilities when the acquisition was initially accounted for. The amount assigned to goodwill or negative goodwill should also be adjusted, when necessary, to the extent that:
3. 3The issues are, in making adjustments in the limited circumstances described by IAS 22.71:
4. 4This interpretation does not apply to the following items as they are specifically addressed elsewhere in International Accounting Standards: