International GAAP 2021

Chapter 7Consolidation procedures and non-controlling interests

• 1 INTRODUCTION
• 2 CONSOLIDATION PROCEDURES
  • 2.1 Basic principles
  • 2.2 Proportion consolidated
    • 2.2.1 Attribution when non-controlling interests change in an accounting period
  • 2.3 Consolidating foreign operations
  • 2.4 Intragroup eliminations
  • 2.5 Non-coterminous accounting periods
  • 2.6 Consistent accounting policies
• 3 CHANGES IN CONTROL
  • 3.1 Commencement and cessation of consolidation
    • 3.1.1 Acquisition of a subsidiary that is not a business
    • 3.1.2 Acquisition in stages: associate or joint venture (equity accounted) that is not a business becomes a subsidiary
      • 3.1.2.A Measuring the previously held interest
      • 3.1.2.B Measuring the non-controlling interest
  • 3.2 Accounting for a loss of control
    • 3.2.1 Interpretations Committee and IASB discussions about the sale of a single asset entity containing real estate.
  • 3.3 Accounting for a loss of control where an interest is retained in the former subsidiary
    • 3.3.1 Interest retained in the former subsidiary – financial asset
    • 3.3.2 Interest retained in the former subsidiary – associate or joint venture
      • 3.3.2.A Conflict between IFRS 10 and IAS 28 (September 2014 amendments not applied)
      • 3.3.2.B Conflict between IFRS 10 and IAS 28 (September 2014 amendments applied)
      • 3.3.2.C Reclassification of items of other comprehensive income where the interest retained in the former subsidiary is an associate or joint venture accounted using the equity method
      • 3.3.2.D Application of partial ...