ASC 805 is the primary source of guidance in U.S. GAAP on the accounting for business combinations and related matters. IFRS 3 is the primary source of such guidance under IFRS® Accounting Standards. Although the standards are largely converged, some differences remain. See Appendix E for a discussion of those differences.
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This publication provides comprehensive guidance; however, it does not address all possible fact patterns, and the guidance is subject to change. Consult a Deloitte & Touche LLP professional regarding your specific issues and questions.