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Preface
Chapter 1 — Standard Setting in Canada
Chapter 2 — Section 1000, Financial Statement Concepts
Chapter 3 — Section 1100, Generally Accepted Accounting Principles
Chapter 4 — Section 1400, General Standards of Financial Statement Presentation
Chapter 5 — Section 1500, First-time Adoption
Chapter 6 — Section 1505, Disclosure of Accounting Policies
Chapter 7 — Section 1506, Accounting Changes
Chapter 8 — Section 1508, Measurement Uncertainty
Chapter 9 — Section 1510, Current Assets and Current Liabilities
Chapter 10 — Section 1520, Income Statement
Chapter 11 — Section 1521, Balance Sheet
Chapter 12 — Section 1540, Cash Flow Statement
 Chapter 13 — Section 1582, Business Combinations (April 2018)
Purpose and Scope Overview of Key Requirements Definitions Recognition What is a Business? Development-stage Entities What is a Business Combination? Income Tax Considerations in a Business Combination Future Income Taxes Method Taxes Payable Method Acquisition-related Costs The Acquisition Method Step 1 – Identify the Acquirer Step 2 – Determine the Acquisition Date Step 3 – Recognize Identifiable Assets, Liabilities and Non-controlling Interest Recognition of intangible assets Measurement Principle Considerations for Measuring Assets Acquired and Liabilities Assumed Assembled Workforce and Other Items not Identifiable Operating Leases Lessor considerations Classification of leases on acquisition Exceptions to recognition and measurement principles Contingent liabilities Indemnification assets Asset retirement obligations Employee benefit plans Reacquired rights Share-based payment awards Assets held for sale Settlement of a Pre-existing Relationship Between Acquirer and Acquiree Measurement of the Non-controlling Interest Step 4 – Calculate Goodwill or a Gain from a Bargain Purchase Bargain purchase Consideration Paid Other Non-cash Consideration Contingent Consideration Acquisition of shares with contingent consideration recorded as an asset Acquisition of shares with contingent consideration recorded as a liability Acquisition of shares with contingent consideration recorded as equity Determining contingent consideration using probability of future payments Determining whether contingent payments are a purchase consideration or employee compensation Measurement Period Subsequent Measurement and Post-combination Accounting Reacquired rights Contingent liabilities recognized as of the acquisition date Indemnification assets Contingent consideration Business Combination Achieved in Stages Business Combination Achieved without Transfer of Consideration Disclosure Immaterial Business Combinations Acquisitions after the Reporting Period Additional Disclosures Sample Note Disclosures Acquisition method Goodwill Business combination occurring during the reporting period Business combination occurring after the end of the reporting period but before the financial statements are completed (purchase accounting is provisionally complete) Business combination occurring after the end of the reporting period but before the financial statements have been completed (purchase accounting is incomplete) Contingent consideration Business combination achieved in stages Application Resources Effective Date and Transition Significant Judgments and Estimates Current Developments Recent Revisions Projects and Discussions Comprehensive Examples Appendix A – Taxes Payable Method Appendix B – Reverse Acquisitions Measuring the consideration transferred Preparation and presentation of consolidated financial statements Non-controlling interest Reverse acquisition example with no non-controlling interest Basic Information Investment Analysis Consolidated Balance Sheet Reverse acquisition example with non-controlling interest Investment Analysis and Consolidated Balance Sheet Appendix C – Amalgamations of Wholly Owned Enterprises What is an amalgamation? Terminology Analysis and application Determining whether control (or common control) exists Determining whether the transferred enterprise constitutes a business Applying the relevant ASPE requirements Determining whether to use exchange amount or carrying amount Comparative figures Decision tree Vertical amalgamation — Examples Horizontal amalgamation — Examples Example 1: Vertical amalgamation Example 2: Vertical amalgamation Example 3: Horizontal amalgamation Example 4: Subsidiaries acquired from a non-related party and amalgamated Other matters to be considered Availability of information Appendix D – Summary of IFRS 3 Illustrations Chapter 14 — Section 1591, Subsidiaries (April 2019)
Chapter 15 — Section 1601, Consolidated Financial Statements (April 2018)
Chapter 16 — Section 1602, Non-controlling Interests (April 2018)
Chapter 17 — Section 1625, Comprehensive Revaluation of Assets and Liabilities (April 2018)
Chapter 18 — Section 1651, Foreign Currency Translation
Chapter 19 — Section 1800, Unincorporated Businesses
Chapter 20 — Section 3031, Inventories
Chapter 21 — Section 3051, Investments (April 2018)
Chapter 22 — Section 3056, Interests in Joint Arrangements
Chapter 23 — Section 3061, Property, Plant and Equipment
Chapter 24 — Section 3063, Impairment of Long-lived Assets
Chapter 25 — Section 3064, Goodwill and Intangible Assets
Chapter 26 — Section 3065, Leases
Chapter 27 — Section 3110, Asset Retirement Obligations
Chapter 28 — Section 3240, Share Capital
Chapter 29 — Section 3251, Equity (June 2019)
Chapter 30 — Section 3260, Reserves
Chapter 31 — Section 3280, Contractual Obligations
Chapter 32 — Section 3290, Contingencies
Chapter 33 — Section 3400, Revenue
Chapter 34 — Section 3462, Employee Future Benefits
Chapter 35 — Section 3465, Income Taxes
Chapter 36 — Section 3475, Disposal of Long-Lived Assets and Discontinued Operations
Chapter 37 — Section 3610, Capital Transactions
Chapter 38 — Section 3800, Government Assistance
Chapter 39 — Section 3805, Investment Tax Credits
Chapter 40 — Section 3820, Subsequent Events
Chapter 41 — Section 3831, Non-Monetary Transactions
Chapter 42 — Section 3840, Related Party Transactions (November 2019)
Chapter 43 — Section 3841, Economic Dependence
Chapter 44 — Section 3850, Interest Capitalized — Disclosure Considerations
Chapter 45 — Section 3856, Financial Instruments (August 2019)
Chapter 46 — Section 3870, Stock-Based Compensation and Other Stock-based Payments
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