XXX IFRS - IFRS 10 Consolidated Financial Statements Pics
Key definitions [IAS Subsidiary: an entity, including an unincorporated entity such as a partnership, Definotion is controlled by another entity known as the parent.
Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses and cash flows of a parent and its subsidiaries as those of a single economic entity. These amendments clarified the transition guidance in IFRS.
An investor Consklidating all relevant facts and circumstances when assessing whether it controls an investee. An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.