The consolidation suite of standards covers accounting for investments in subsidiaries, associates, joint ventures, joint operations as well as related disclosures.
IFRS 10 provides a single ‘control’ model to be applied in the control analysis for all investees in considering which entities are consolidated in a parent’s consolidated financial statements. The consolidation suite of standards covers accounting for investments in subsidiaries, associates, joint ventures, joint operations as well as related disclosures. In this IFRS Series session we shall be describing in detail the control model under IFRS 10 and the different levels of influence an entity may have over its investees (control, joint control or significant influence), how to account for subsidiaries, joint arrangements and associates in both the consolidated and separate financial statements, and discussing other consolidation issues which accountants are faced with (such as those faced by groups operating in a multiple functional currency environment).
The standards dealt with in this session are:
– IFRS 10 Consolidated Financial Statements
– IAS 27 Separate Financial Statements
– IAS 28 Investments in Associates and Joint Ventures
– IFRS 11 Joint Arrangements
– IAS 21 The Effects of Changes in Foreign Exchange Rates
The session is aimed for accounting professionals and financial controllers.
By the end of the session participants would be knowledgeable on what constitutes control over an investee and how to account for different types of investees (subsidiaries, joint arrangements and associates) in both the consolidated and separate financial statements.
Basic knowledge on financial reporting and consolidations is recommended.
Time: 14:00 – 16:15
Venue:Live online session – details of how to join the meeting will be sent once registration is complete
CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
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