What is the primary accounting standard that governs amalgamation in corporate a

What is the primary accounting standard that governs amalgamation in corporate accounting?

What is the primary accounting standard that governs amalgamation in corporate accounting?

Step 1: Understand what amalgamation means. Amalgamation is when two or more companies combine to form one new company.
Step 2: Learn about accounting standards. These are rules that companies follow to keep their financial records.
Step 3: Identify the relevant accounting standard for amalgamation. The primary standard is called IFRS 3.
Step 4: Know what IFRS 3 covers. It explains how to account for business combinations, including amalgamation.
Step 5: Remember that IFRS 3 provides guidelines on how to report the financial aspects of the amalgamation.

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