WHAT IS THE DIFFERENCE BETWEEN COMBINING VS. CONSOLIDATING FINANCIAL STATEMENTS?
For investors, a company’s financial statements offers insight into the health of the company. Dep...
COMPANIES ACT 2013 MADE MANDATORY TO PREPARE CONSOLIDATED FINANCIAL STATEMENT (CFS) FOR INDIAN COMPANIES
Currently, only clause 32 of the listing agreement mandates listed companies to publish CFS. Neither...
THE CONTROL CONCEPT IN IFRS 10 – TEN THINGS INVESTMENT MANAGERS NEED TO KNOW
The change to the definition of control in IFRS 10, Consolidated Financial Statements[“IFRS 10...
GAIN OR LOSS ON SALE
At the July 2012 Interpretations Committee meeting, some amendments to IAS 28 Investments in Asso...
A COMPARATIVE STUDY OF AS AND IND-AS CONSOLIDATION OF FINANCIAL STATEMENT
Issue As per Ind-AS As per Existing AS Consolidation Consolidation has to be done by every company h...
INTRODUCTION OF IFRS 10, CONSOLIDATED FINANCIAL STATEMENTS
On 12 May 2011 the IASB issued IFRS 10 Consolidated Financial Statements. IFRS 10 establishes princi...
ARE THERE NEW CONSOLIDATION REQUIREMENTS UNDER IFRS 10 ??
Some may be concerned that IFRS 10 introduces new concepts and consolidation requirements when compa...