Feb 2012
Consolidated financial statements: redefining control
This publication explains key principles and complex requirements of IFRS 10, "Consolidated financial statements". Additionally, it includes a large amount of practical examples and observations based on the experience of our global network of firms.
Because of the importance of IFRS for many companies in China and the continued convergence of China Accounting Standards with IFRS, we have translated this publication into Chinese.
Major topics covered in this publication include:
- Scope;
- Control;
- Framework for assessment of control;
- Purpose and design of the investee;
- Power;
- Variable returns;
- Link between power and returns - principal vs. agent;
- Other issues;
- Accounting requirements;
- Disclosures;
- Transition;
- Potential business impacts; and
- Industry insights.
