When to apply IFRS 10 Consolidated Financial Statements as well as the main exemptions from consolidation in that Standard that are available to parent entities, including the investment entity exemption
How to assess whether an entity controls another entity in accordance with IFRS 10
How to account for any non-controlling interests.
Many entities hold investments in another entity that provide them with control over that entity. Subject to the investor being exempt from preparing and presenting consolidated financial statements, these investments need to be consolidated into the investor’s accounts and the group accounts presented as consolidated financial statements. This course will help you to determine if your investment is a subsidiary that you should consolidate into the group’s financial statements, and the key features of consolidated financial statements.
Dean has been advising on IFRS and other financial reporting matters for over 15 years. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Dean understands the challenges preparers face. Dean has presented academic and professional training seminars and published papers on various topics in financial accounting and reporting in Australia and internationally. Dean has also participated in various professional liaison and working groups, including the AASB’s Disclosure Initiative Project Advisory Panel and the Institute of Actuaries of Australia’s Insurance Accounting Standards Committee.