Bought a Business? Meet IFRS for SMEs Section 19

Your client has bought a business, celebrated the deal, and now expects straightforward accounting. Not so fast. The revised Section 19 introduces five major changes that affect goodwill, acquisition costs, earn-outs, step acquisitions, and non-controlling interests. Miss one, and the financial statements could be wrong from day one. Here is a practical, jargon-free guide to the rules every accountant should understand before the next acquisition lands on their desk and keeps clients free from costly accounting surprises after closing day.