Page 4 - PowerPoint Presentation

INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
Outcomes

• Define an associate in accordance with IAS 28.

• Discuss the existence or absence of significant influence in an investment
held and the appropriate accounting treatment of the investment.

• Identify evidence of existence of significant influence in cases where an

investor holds directly or indirectly less than 20% of the voting power of

the investee.

• Apply the equity method in accounting for investments in associates and
joint ventures in the consolidated or group financial statements of the

investor.

• Account for the investment in associate or joint venture in the separate

financial statements of the investor.

• Disclose the required information in the separate financial statements of
the investor in accordance with IAS 27.15-.17.

• Disclose the required information in accordance with IFRS 12 in the group

financial statements of the investor in accordance with IFRS 12.7-.9 and

IFRS 12.20-.23.
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