Tuesday 28 April 2020


2:30 pm


1.5 CPD Hours

Session Topic

Business combinations changes and complexities clarified

From 1 January, changes to the definition of a ‘business’ affect whether AASB 3 Business Combinations applies.  This assessment results in significantly different accounting outcomes.  Questions constantly arise from the application of AASB 3, such as common control, acquisition accounting, and reverse acquisitions.  This session will:

  • Explain the implications of the revised definition of a business
  • How to apply it, and
  • Clarify the key requirements of AASB 3.
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This session is presented by:

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Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).