Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee.
This method, also known as the fair value method, applies when the investor does not have significant influence over the investee (as measured by voting power).
Under this method, we treat the investment as a simple financial investment initially recorded at cost on the investor's balance sheet.
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IFRS 10 Consolidated Financial Statements outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls.
I’ll do it on a case study, with explaining what I do and why.