Accounting for Business Combinations in Accordance with International Accounting Standards (IAS)

Aripova Anna Mixaylovna^1,*

¹Tashkent State University of Economics, Uzbekistan

Email: anna-aripova-1990@mail.ru

Abstract

Business combinations represent a critical area of financial reporting due to their significant impact on financial position and performance. This study examines accounting for business combinations under International Accounting Standards, with particular emphasis on IFRS 3 Business Combinations and IAS 36 Impairment of Assets. Using comparative analysis, synthesis of empirical research, and illustrative financial data, the paper evaluates recognition, measurement, and disclosure practices, as well as their implications for transparency and comparability. The findings confirm that standardized accounting treatments improve decision usefulness of financial statements, while challenges remain in fair value measurement and goodwill impairment testing.

Keywords: Business combinations; IFRS 3; IAS; Goodwill; Fair value; Financial reporting