Requirement to use the acquisition method of accounting for business combinations

Accounting for Corporate Structure (ACCT 603) Semester 1 2018 Peter Faber Business School Critically evaluate the Australian requirements for accounting for business combinations. In your discussion you should specifically address the following issues: The significance of the reporting entity concept in accounting for business combinations The implications of the requirement to use the acquisition method of accounting for business combinations The determination of fair values of assets in a business combination The reasons for the choice of fair value to measure assets and liabilities acquired in a business combination The treatment of directly attributable costs in a business combinationAccounting treatment of gains on bargain purchases The nature and treatment of goodwill arising on a business combination.