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Goodwill arising on acquistion under Ind AS 103

Kaustubh Sonawane (23 Points)

06 May 2019

Do goodwill arising on acquisition under IND AS 103 is amortized. What is the period of amortization?

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Vrpatni #9413 (Student CA Final ) (25 Points)
Replied 31 May 2019

Goodwill will not amortized.
It will go for Impairment test in according to IND AS 36

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CA Gopal Somani (Consultant) (2057 Points)
Replied 14 June 2020

Hello Friends,

To understand the complete provisions of Ind AS 103 with respect to Reverse Acquisition, Please check out below video

https://www.youtube.com/watch?v=xULKoJPYCjY

This video explains the concept of reverse acquisition and explains the guidelines provided by Ind AS 103 "Business Combination" for accounting such transactions in Consolidated Financial Statements. This video is very helpful for CA, CS and CMA students.

Regards,

Gopal