Accounting for acquisitions has changed. The International Accounting Standards Board released a revised standard on business combinations in January 2008 (IFRS 3 Revised), accompanied by a revised standard on consolidated financial statements (IAS 27 Revised).
The new standards are expected to add to earnings volatility, making earnings harder to predict.
PwC has produced a guide IFRS 3R: Impact on earnings, the crucial Q&A for decision-makers which aims to help dealmakers and preparers of financial statements communicate the consequences of a business combination on the current and future earnings.
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