Dialogue with standard setters. Business Combinations under Common Control: Concerns, Criticisms and Strides

Fiume, Raffaele; Onesti, Tiziano; Romano, Mauro; Taliento, Marco

doi:10.3280/fr2015-001005

Cited by 3 publications

(1 citation statement)

References 8 publications

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“…Onesti et al (2015) provide a comprehensive comparison of different approaches. Fiume et al (2015) have compared different methods of accounting for BCUCC. Janowicz (2017) claims that authoritative guidance is necessary for BCUCC as the analogy to national GAAPs would not lead to a fully compliance development of an accounting policy under IASB (2018), IAS 8.…”

Section: Literature Reviewmentioning

confidence: 99%

Business Combinations under Common Control: The Gain/loss Group Perspective. What the IASB Project Leaves Unaddressed

Bellandi¹

2021

IJBM

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Although BCUCCs are widespread, a clear treatment is missing under IFRS. Most contributions have taken partial views. This article innovatively provides a systematic theoretical apparatus of the role accounting plays for all the affected members of a group, with a focus on gain or loss opportunities below the consolidated statements. The method used is international technical accounting analysis under IFRS and U.S. GAAP. It shows how a BCUCC may be driven to achieve gain/loss in separate financial statements and how cross-company consistency in policies and substance may reveal gain/loss arbitrage; the interaction of principles for disposals, demergers, and business combinations; and the position of sub-holdings, which in real practice is more relevant than the ultimate parent company. This paper is timely, as the IASB has recently published a Discussion Paper. The IASB project fails to give answers to these points as it only looks at the receiving entity and consolidated statements.

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Section: Literature Reviewmentioning

confidence: 99%

Business Combinations under Common Control: The Gain/loss Group Perspective. What the IASB Project Leaves Unaddressed

Bellandi¹

2021

IJBM

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What Is the Way Forward for IASB’s Research Programme under the Evidence-Supported Approach? Some Analyses and Comments Based on the 2015 Agenda Consultation

Birt

Hellman

Jorissen

et al. 2016

Accounting in Europe

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The complexity in measuring M&A performance: Is a multi-dimensional approach enough?

Roncagliolo¹,

Avallone²

2021

Financial Reporting

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M&A are complex corporate events involving two or more companies and often requiring relevant efforts in order to be successful. For these reasons, both scholars and practitioners are interested in assessing the success rate of M&A and measuring their influence on the corporate performance. Despite the complexity of the M&A phenomenon, previous studies that empirically examine this issue according to an accounting-based perspective, largely adopt single performance measures. Therefore, our study aims to explore whether the use of a multi-dimensional approach in the development of accounting-based performance measures could provide a comprehensive examination of the change in corporate performance due to complex events, such as M&A. In particular, this study assesses the performance of M&A concluded in the European context through the development of multiple accounting-based performance indicators that examine: (i) profitability, (ii) growth, and (iii) financial situation. In addition, we analyse a crucial performance dimension, the cost of employment, which has received limited attention from previous empirical research. Consistently with the multifaceted nature of M&A, results indicate that they provide a mixed impact on different performance measures. Therefore, main findings suggest that the measurement of M&A performance should take into consideration different contextual features

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Dialogue with standard setters. Business Combinations under Common Control: Concerns, Criticisms and Strides

Cited by 3 publications

References 8 publications

Business Combinations under Common Control: The Gain/loss Group Perspective. What the IASB Project Leaves Unaddressed

Business Combinations under Common Control: The Gain/loss Group Perspective. What the IASB Project Leaves Unaddressed

What Is the Way Forward for IASB’s Research Programme under the Evidence-Supported Approach? Some Analyses and Comments Based on the 2015 Agenda Consultation

The complexity in measuring M&A performance: Is a multi-dimensional approach enough?

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