Improving methods for reporting business combinations in financial statements

Epifanov I. N.

The article discusses the features of improving the methods of reflection in the financial statements of business associations. When considering the practical aspects of the merger, the methodological recommendations on the application of the international financial reporting standard (IFRS) 3 "business combination" were taken into account. The scientific novelty of the study is expressed in the development of a methodology for checking goodwill for impairment in a business combination.

Keywords:financial reporting, business, business combination, accounting, improvement of methods