Description

International Financial Reporting Standards (IFRS) provides for various methods for accounting for investments in other entities.  Other entities which are not consolidated may be classified as an “associate” per International Accounting Standard (IAS) 20, or a “joint arrangement” per IFRS 11, or an “investment entity” per IFRS 10.  In addition, IFRS 10 provides guidance for entities that are consolidated.  This course explores when it is appropriate to apply each of the accounting methods for investments in other entities, and the resulting financial statement implications.