IFRS 3 / IFRS 10 Introduction to Consolidation and Group Accounts

https://www.cpdbox.com
Introduction to consolidation and group accounts:

There are 6 IFRS dealing with group accounts and consolidation:
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates
IFRS 3 Business Combinations
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
First, we need to determine what type of investment we have. Then we need to apply the accounting method based on the type of investment:
1. Subsidiaries -- acquisition method + full consolidation
2. Associates -- equity method
3. Joint arrangements -- based on the type: joint venture using equity method and joint operation -- only own share on assets, liabilities, revenues and expenses
4. Other investments -- financial instruments
------
*Online IFRS course by Silvia, CPDbox: https://www.cpdbox.com/ifrs-kit/

*Subscribe to Silvia's free newsletter: https://www.cpdbox.com/

#ifrs #IFRS3 #IAS27 #IAS28 #IFRS10 #IFRS11 #IFRS12 #IFRSconsolidation #ifrsaccounting

• #education
• #ifrs_3
• #ifrs_10
• #ias_28
• #ias_27
• #ifrs_11
• #ifrs_12
• #consolidation
• #group_accounts
• #ifrs_lectures
• #ifrs_video