What are the disclosure requirement as per AS 14, if amalgamation is done through purchase method ?
What are the disclosure requirement as per AS 14, if amalgamation is done through purchase method ?
Jeeba Mar. 16, 2018
When amalgamation is done through purchase method, the following additional disclosures should be made in the first financial statements following the amalgamation;
(a) consideration for the amalgamation and a description of the consideration paid or contingently payable; and
(b) the amount of any difference between the consideration and the value of net identifiable assets acquired, and the treatment thereof including the period of amortisation of any goodwill arising on amalgamation.
