Page 39 - 2018 Finac2 Test 3 Slides - Change In Degree Of Control
P. 39

CHANGES IN DEGREE OF CONTROL





            IFRS 9 INVESTMENT BECOMES A SUBSIDIARY








            • In terms of IAS 27.10 an entity shall account for

                investments in subsidiaries, joint ventures and


                associates in their separate financial statements


                either:


                    • (a) at cost,


                    • (b) in accordance with IFRS 9 (excluded from syllabus, or


                    • (c) using the equity method as described in IAS 28

                       (excluded from syllabus).














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