Analysis of the Main Changes and Additions to International Financial Reporting Standards Concerning Business Combinations and Consolidated Accounts

Author:University Prof. PhD. Marian SĂCĂRIN, Associate Prof. PhD. Mihaela MINU

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Keywords:business combination, consolidated financial statements, International Financial Reporting Standards, goodwill, non-controlling interests

Abstract:
The objective of this article is to present the main changes and additions that were made to international financial reporting standards concerning the accounting of business combinations and consolidated accounts. Thus, are analysed: goodwill, non-controlling interests (minority interests), business combination achieved in stages, contingent consideration, acquisition-related costs, changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control, loss of control and loss attributed to non-controlling interests. \r\n

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