Consolidated versus consolidating financial statements Pornsexy chatvideo in
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IAS 27 Consolidated and Separate Financial Statements outlines when an entity must consolidate another entity, how to account for a change in ownership interest, how to prepare separate financial statements, and related disclosures.
SPEs should be consolidated where the substance of the relationship indicates that the SPE is controlled by the reporting entity.
This may arise even where the activities of the SPE are predetermined or where the majority of voting or equity are not held by the reporting entity.
[IAS 27.37] Investments carried at cost should be measured at the lower of their carrying amount and fair value less costs to sell.
The measurement of investments accounted for in accordance with IAS 39 is not changed in such circumstances.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected.[IAS 27.24-25] The financial statements of the parent and its subsidiaries used in preparing the consolidated financial statements should all be prepared as of the same reporting date, unless it is impracticable to do so.[IAS 27.26] If it is impracticable a particular subsidiary to prepare its financial statements as of the same date as its parent, adjustments must be made for the effects of significant transactions or events that occur between the dates of the subsidiary's and the parent's financial statements.[IAS 27.35] The accounting depends on whether control is retained or lost: Acquiring additional shares in the subsidiary after control was obtained is accounted for as an equity transaction with owners (like acquisition of 'treasury shares'). In the parent's/investor's individual financial statements, investments in subsidiaries, associates, and jointly controlled entities should be accounted for either: [IAS 27.37] The parent/investor shall apply the same accounting for each category of investments.Investments that are classified as held for sale in accordance with IFRS 5 shall be accounted for in accordance with that IFRS.