PhillipCapital Equity Research Analyst Interview Questions and Answers

Q1. Bus Combi. Related questions,
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Q2. Journal Entry for acquisition of biz. (IND AS)
Ans. 
Journal entry for acquisition of business under IND AS
• Identify the fair value of assets and liabilities acquired

• Allocate the purchase price to the identifiable assets and liabilities

• Recognize goodwill as the excess of purchase price over the fair value of net assets acquired

• Record the acquisition costs separately as expenses

• Disclose the details of the acquisition in the financial statements
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Financial valuation model of a company