Understand the key definitions in IAS 28
Understand what an associate is by being able to identify the key features of an associate
Understand how to apply the equity method to account for an investment in an associate.
Many entities hold significant investments in other entities that do not provide them with control over those entities as defined in International Financial Reporting Standards or Australian Accounting Standards. Subject to the level of influence the investor has, these investments could be accounted for in a number of ways. This course will help you to understand the key features of an associate investment as well as how to account for investments in associates in accordance with the equity method.
Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).
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.