The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) will hold a virtual research workshop on 29 January 2021 at 12.00-14.00 (CEST). The seminar will provide an overview of the IASB’s Business Combinations under Common Control Discussion Paper (DP) and relevant academic literature.

The proposals in this project aim to explore possible reporting requirements for business combinations under common control that would reduce diversity in practice, improve transparency in reporting these combinations and provide users of financial statements with better information.

The purpose of the session is to obtain feedback from academics on the proposals in the DP and to discuss relevant academic evidence. The seminar will be structured in three sections: 1) When to apply the acquisition method and a book-value method; 2) How to apply the acquisition method, and 3) How to apply a book-value method. 

The session will be moderated by EAA President Thorsten Sellhorn. Each section will include a short presentation by IASB staff followed by questions and comments from the audience to be addressed by staff and Board member Ann Tarca.