FRASERS Commercial Trust (2017). Joint venture with Frasers Centrepoint Limited to Acquire ￡175 Million Farnborough Business Park in the United Kingdom.
https://fcot.frasersproperty.com/newsroom/20171214_182225_ND8U_L74PJ059COTWV05M.2.pdf

has been cited by the following article:

• TITLE: Asset Acquisition or Business Combination? Application of Definition of a Business in Real Estate Industry

  AUTHORS: Zhe Ruan

  KEYWORDS: Business Combination, Asset Acquisition, IFRS 3, Real Estate Industry

  JOURNAL NAME: Open Journal of Accounting, Vol.10 No.1, January 12, 2021

  ABSTRACT: The International Accounting Standards Board issued Definition of a Business (Amendments to IFRS 3) on 22 October 2018. The amendments clarify the definition of a business, with the aim of helping entities to determine whether a transaction should be accounted for as an asset acquisition or a business combination. However, it remains ambiguous whether an acquired contract for outsourced property management, which is common in real estate industry, constitutes a substantive process. We adopt a comprehensive test approach to make the assessment and conclude the approach is more objective and easy to implement. Apart from it, we also recommend further clarification and guidance of standards in this regard.