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Acquisition Method
An accounting technique used in consolidating the financial statements of a group in which a new acquisition is included.
Business Combinations
Transactions in which one entity gains control over one or more other businesses, including mergers, purchases of net assets, and consolidations.
AASB 3
Refers to the Australian Accounting Standards Board standard that outlines the requirements for the accounting of business combinations, including the recognition and measurement of assets, liabilities, non-controlling interest, and goodwill.
Joint Arrangements
Agreements between two or more parties that establish joint control over economic activities.
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