Wiley 2022 Interpretation and Application of IFRS Standards

14CONSOLIDATIONS, JOINT ARRANGEMENTS, ASSOCIATES AND SEPARATE FINANCIAL STATEMENTS

• Introduction
• Definitions of Terms
• Consolidated Financial Statements
  • Scope
  • Identification of a subsidiary
  • Power
  • Majority of voting rights
  • Less than a majority of voting rights
  • Exposure, or rights, to variable returns from an investee
  • Link between power and returns
  • Example of a fund manager
  • Other arrangements
  • Consolidation Procedures
    • Intercompany transactions and balances
    • Non‐controlling interests
    • Changes in the proportion of non‐controlling interests
    • Uniformity of accounting policies
    • Measurement
    • Reporting date
    • Ownership interest
    • Indirect interest
    • Subsidiaries to be disposed of or acquired with a view to resale
    • Changes in ownership interest resulting in loss of control
  • Investment Entities
    • Definition
    • Investment management services
    • Business purpose
    • Exit strategies
    • Earnings from investments
    • Fair value measurement
    • More than one investment
    • More than one investor
    • Unrelated investors
    • Change in status
• Examples of Financial Statement Disclosures
• Joint Arrangements
  • • Scope
  • Joint Arrangements
  • Types of Joint Arrangement
  • Assessment Questions
  • Accounting for Joint Operations
    • Basic principles
    • Accounting for acquisitions of interests in joint operations in which the activity constitutes a business
  • Accounting for Joint Ventures
  • Separate Financial Statements
• Associates
  • • Identification of an Associate
  • Accounting for an Associate
• Equity Method of Accounting
  • • Scope and Application
  • The Equity Method ...