What you will learn
- the underlying principle of IAS 27 standard
- the separate financial statements required to be prepared by an entity
- accounting methods for investments in subsidiaries, joint ventures and associates in the separate financial statements
- accounting treatment of investment related dividends and impairment considerations
- derecognition rules of investments
- IAS 27 standard's disclosure requirements.
About this course
When company A gains control over company B, it has to prepare consolidated financial statements, unless exemptions are applicable. Does company A have to prepare separate financial statements as well? It is not mandatory under IFRS, but an entity might be required by local legislation or might elect to present separate financial statements.This course helps you understand the concept of separate, economic interest and individual financial statements. It also details the available accounting methods for accounting different investments in an entity's separate financial statements using practical examples and interim tests.
Key information
- Designed for finance and accounting experts who are familiar with fundamental (local) accounting and reporting processes.
- Part of the IFRS e-learning series developed by PwC Academy.
