LAM13200 | Transfers of long-term business: Accounting for Part VII transfers: UK GAAP and IFRS Diagrams

The diagrams and text in LAM13210 and LAM13220 illustrate some of the questions that arise in considering how to account for a transfer of business under IFRS and UK GAAP, with an indication of the appropriate accounting treatment depending on the facts of the particular situation. This is provided for background information.