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May 2010
Financial reporting requirements to impact M&A deals
The economic downturn has created opportunities for mergers and acquisitions in many industries around the world. Struggling companies have been devalued and those with healthy balance sheets are looking for bargains. The financial reporting implications are now a key consideration when formulating merger and acquisition strategies. The revisions of IFRS/HKFRS 3 Business combinations ('IFRS/HKFRS 3R'), applicable to calendar year companies from 1 January 2010, has made this even more important.
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Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers.
Other issues of HKFRS News
Accounting and Listing Rules Updates