In June 2012 IFRS 10 was amended by Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12).

IFRS 10 establishes principles for presenting and preparing consolidated financial statements when an entity controls one or more other entities. IFRS 10: defines an investment entity and sets out an exception to consolidating particular subsidiaries of an investment entity.

IFRS 10 is a new standard which supersedes IAS 27 Consolidated and Separate Financial Statements (“IAS 27”) and SIC-12 Consolidation - Special Purpose Entities (“SIC- 12”). The primary goal behind the new standard was to come up with a single model for control which could be applied to all entities.

The objective of IFRS 10 as set out in the standard is to establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.

IFRS 10 includes guidance on more difficult control assessments including: • agency relationships • control over structured entities • potential voting rights • control without a majority of voting rights. IFRS 10 retains established principles on consolidation procedures, including

2024年5月2日 · Power, exposure / rights to variable returns, principal vs agent considerations, consolidation procedures and more about IFRS 10.

When company A becomes a parent and gains control over company B, company A has to prepare consolidated financial statements. This course is designed to help you understand the main concepts related to full consolidation.

IFRS 10 Consolidated Financial Statements Effective Date Periods beginning on or after 1 January 2013 SCOPE A parent is required to present consolidated financial statements, except if: ‒It meets all the following conditions: ‒It is a subsidiary of another entity and all its other owners, including those not otherwise entitled to vote, have

IFRS 10, IFRS 11 and IFRS 12 are three International Financial Reporting Standards (IFRS) promulgated by the International Accounting Standards Board (IASB) providing accounting guidance related to consolidation and joint ventures. The standards were issued in 2011 and became effective in 2013. [1]

IFRS 10 when the investor has power, exposure to variable returns and the ability to use that power to affect its returns from the investee. • IFRS 10 contains guidance on the following issues when determining who has control: 4 Assessment of the purpose and design of an investee; 4 Nature of rights – substantive or protective in nature;