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.

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

to clarify the transition guidance in IFRS 10. The amendments also provide additional transition relief in IFRS 10, IFRS 11 and IFRS 12 limiting the requirement to provide adjusted comparative infor.

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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.

2013年1月1日 · IFRS 10 sets the accounting requirements for preparation of consolidated financial statements, consolidation procedures, reporting non-controlling interests and treatment of changes in ownership interests. IFRS 10 also contains special accounting requirements for investment 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 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