Following this recent acquisition, our client must apply the IFRS3 standard by allocating goodwill to the assets and liabilities acquired.
This is a major challenge for our client in terms of market information. The level of residual goodwill and the impact in the medium and / or long term on the financial statements. It is also for our customer to anticipate future impairment tests.
A team with a strong experience in purchase price allocation and a significant track record.
A pragmatic and not dogmatic approach of applicable standards.
A regular publication of articles on the subject and conferences with law firms.
A pluridisciplinary offer accompanying you on all financial, accounting, legal and tax issues during acquisitions..
A perfect knowledge of independent appraisers and market authorities expectations.
Setting up an internal quality control.
An alternative to the BIG 4.
Approach / Methodology
Our work included, in a non-exhaustive manner, the following steps :
Analysis and understanding of the business model and the strategic issues of the operation ;
Identification of assets acquired ;
Determination of the fair value of assets and liabilities. ;
Determination and allocation of the remaining accounting goodwill and assets / liabilities identified to CGU and deferred taxes; ;