Scribd
Upload
21 views1 page

Hapter Asic Consolidation and Hanges in Group Structures: C 11: B C C G S

This document contains study notes on Chapter 11 of advanced accounting regarding basic consolidation and changes in group structures. It discusses when an investor has control, joint control, or significant influence over an investee and how that determines whether the investee is consolidated as a subsidiary, reported as a joint venture or joint operation, or accounted for as an associate using the equity method. It provides an overview of the applicable IFRS standards for each case, as well as disclosure requirements.

Uploaded by

.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
21 views1 page

Hapter Asic Consolidation and Hanges in Group Structures: C 11: B C C G S

This document contains study notes on Chapter 11 of advanced accounting regarding basic consolidation and changes in group structures. It discusses when an investor has control, joint control, or significant influence over an investee and how that determines whether the investee is consolidated as a subsidiary, reported as a joint venture or joint operation, or accounted for as an associate using the equity method. It provides an overview of the applicable IFRS standards for each case, as well as disclosure requirements.

Uploaded by

.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

STUDY NOTES

CFAP 1: ADVANCED ACCOUNTING AND FINANCIAL REPORTING


CHAPTER 11: BASIC CONSOLIDATION AND CHANGES IN GROUP STRUCTURES

CHAPTER 11:
BASIC CONSOLIDATION AND CHANGES IN GROUP
STRUCTURES
Does the investor have
sole control of the
investee.

Yes No

Does the investor


It is a subsidiary. have joint control of
another entity.
Apply IFRS 10 and
consolidate into
group accounts.
Yes
Make disclosures
per IFRS 12
No

It is a joint
arrangement per IFRS
11
Does the investor
Does it comprise an
exercise significant
interest in the net
influence over the
assets of a separate
investor?
entity?

No Yes Yes

No

It is a joint It is a joint venture It is an associate


operation Account
for assets,
liabilities revenues
and expenses.

Make disclosures IT is a financial asset


Apply IAS 28 and
per IFRS 12 apply IFRS 9
entity account in
group accounts.

Make disclosures per


IFRS 12

From the desk of Hassnain R. Badami, ACA


TSB Education-Premium Accountancy Courses P a g e 64 of 445

You might also like