Users and regulators often require companies to provide combined and/or carve-out financial statements because they can provide meaningful, relevant and useful information. But preparing them can be challenging and require considerable judgement.
Combined and/or carve-out financial statements are not addressed specifically in IFRS® Accounting Standards, which has caused local practices to develop, often through discussions with regulators.
This global diversity in practice means that management face unique challenges when preparing combined and/or carve-out financial statements and often need to apply significant judgement.
This updated publication shares our practical experience and observations to help you when preparing combined and/or carve-out financial statements. It also highlights where there is consistency and diversity in applying IFRS Accounting Standards and the approaches we have seen in practice.
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