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13.10 Identifying the acquirer
Publication date: 28 Feb 2022
us IFRS & US GAAP guide
Different entities might be determined to be the acquirer when applying acquisition method accounting.
Impacted entities should refer to SD 12 for a more detailed discussion of differences related to the consolidation models between the frameworks that might create significant differences in this area.
US GAAP | IFRS |
The acquirer is determined by reference to ASC 810-10, under which generally the party that holds greater than 50% of the voting shares has control. In addition, control might exist when less than 50% of voting shares are held if the acquirer is the primary beneficiary of a variable interest entity in accordance with ASC 810.
| The acquirer is determined by reference to the consolidation guidance, under which generally the party that holds greater than 50% of the voting rights has control. In addition, control might exist when less than 50% of the voting rights are held, if the acquirer has the power to most significantly affect the variable returns of the entity in accordance with IFRS 10.
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