...), purchase of raw materials, beer, and equipment (S$20.5 million), and technical fees (S$1.8 million). business combinations acquisition accounting bidding war goodwill control changes in ownership interests International Financial Reporting Standards The announcement “Heineken gulps...

... accounting rules and hide investment losses for over two decades. The accounting topics include (1) methods of accounting for investments in financial instruments, (2) recognition and measurement of goodwill at the time of acquisition, and (3) consolidation accounting. The case requires students to link...