ASPE briefing: Amalgamations of wholly owned enterprises
Accounting for amalgamations under Accounting Standards for Private Enterprises (ASPE) can be complex and requires the use of professional judgment. Review this briefing for help in the analysis and application of relevant ASPE requirements.
Accounting Standards for Private Enterprises (ASPE) Briefing: Amalgamations of Wholly Owned Enterprises will assist you in the application of ASPE requirements when accounting for amalgamations.
Topics include:
- determining whether control exists
- determining whether the transferred enterprise constitutes a business
- applying relevant ASPE requirements
- determining whether to use the exchange amount or carrying amount
- inclusion of comparative figures in financial statements
- illustrative examples