IAS 27 Consolidated and Separate Financial Statements
GPTKB entity
Statements (39)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:appliesTo |
consolidated financial statements
separate financial statements |
| gptkbp:category |
Financial Reporting Standard
|
| gptkbp:compatibleWith |
consolidation procedures after IFRS 10 adoption
|
| gptkbp:criteriaForExemption |
ultimate or any intermediate parent produces consolidated financial statements
parent's securities are not publicly traded parent is itself a wholly-owned or partially-owned subsidiary and its owners do not object parent did not file financial statements with a securities commission |
| gptkbp:defines |
gptkb:group_of_people
gptkb:subsidiary control parent |
| gptkbp:excludes |
a parent need not present consolidated financial statements if it meets certain criteria
|
| gptkbp:focus |
accounting for investments in separate financial statements
|
| gptkbp:furtherRevised |
2008
2011 |
| https://www.w3.org/2000/01/rdf-schema#label |
IAS 27 Consolidated and Separate Financial Statements
|
| gptkbp:issuedBy |
gptkb:International_Accounting_Standards_Board
|
| gptkbp:location |
IFRS Foundation website
|
| gptkbp:objective |
to prescribe the accounting and disclosure requirements for investments in subsidiaries, joint ventures, and associates
|
| gptkbp:originallyIssued |
1989
|
| gptkbp:relatedStandard |
gptkb:IFRS_10_Consolidated_Financial_Statements
gptkb:IFRS_12_Disclosure_of_Interests_in_Other_Entities IAS 28 Investments in Associates and Joint Ventures |
| gptkbp:replacedBy |
gptkb:IFRS_10_Consolidated_Financial_Statements
|
| gptkbp:requires |
non-controlling interests to be presented within equity
elimination of intra-group balances and transactions uniform accounting policies for like transactions a parent to present consolidated financial statements |
| gptkbp:requiresDisclosureOf |
disclose investments in subsidiaries, joint ventures, and associates in separate financial statements
|
| gptkbp:scope |
applies to all entities that have one or more subsidiaries
|
| gptkbp:separateFinancialStatements |
investments in subsidiaries, joint ventures, and associates are accounted for at cost or in accordance with IFRS 9
|
| gptkbp:status |
still effective for separate financial statements
|
| gptkbp:updated |
2003
|
| gptkbp:withdrawnPortion |
consolidation requirements withdrawn and replaced by IFRS 10 in 2013
|
| gptkbp:bfsParent |
gptkb:IFRS_10_Consolidated_Financial_Statements
gptkb:IFRS_12_Disclosure_of_Interests_in_Other_Entities |
| gptkbp:bfsLayer |
6
|