Question 1

'Business combination is a transaction or event in which an acquirer obtains control of one or more businesses'

Required: Discuss the above statement and explain the different forms and steps in the acquisition method of accounting for business combinations with its disclosures requirements

OR

Question 2

Employee benefits includes all forms of consideration given by an entity in exchange for services rendered by employees'

Required: Discuss the above statement and explain the principles applied in accounting for employee benefits and compare defined benefit & defined contribution post-employment benefit plans.

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