IFRS: Separate and Consolidated Financial Statements (IFRS 10 & IAS 27)
AICPA's IFRS Certificate Program
This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.
This course introduces you to the concepts covered in IFRS 10, Consolidated Financial Statements, and how they differ from the concepts in IAS 27, Separate Financial Statements. This course focuses primarily on the criteria used to determine which entities are required to be consolidated, and also discusses the accounting requirements for the preparation of consolidated financial statements.
Upon completion of this course, you will be able to:
- Identify the scope of IFRS 10, Consolidated Financial Statements and IAS 27, Separate Financial Statements
- Apply the principle of control, as defined in IFRS 10, to determine whether an investor (parent) controls another entity (investee) and, therefore, must consolidate the investee
- Apply the accounting requirements for preparation of consolidated financial statements as defined in IFRS 10
Advance Preparation: None
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