IFRS 3 / IFRS 10 Introduction to Consolidation and Group Accounts

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Introduction to consolidation and group accounts:
There are 6 IFRS dealing with group accounts and consolidation:
IAS 27 Separate Financial Statements
IAS 28 Investments in Associates
IFRS 3 Business Combinations
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 12 Disclosure of Interests in Other Entities
First, we need to determine what type of investment we have. Then we need to apply the accounting method based on the type of investment:
1. Subsidiaries -- acquisition method + full consolidation
2. Associates -- equity method
3. Joint arrangements -- based on the type: joint venture using equity method and joint operation -- only own share on assets, liabilities, revenues and expenses
4. Other investments -- financial instruments
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#ifrs #IFRS3 #IAS27 #IAS28 #IFRS10 #IFRS11 #IFRS12 #IFRSconsolidation #ifrsaccounting

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[@tanveer5115]

This is almost like a great live class lecture by a great teacher. Awesome. Thank you so much. Keep posting.

[@furstonetravels]

This video is just incredible, it helped me to get an overview so fast. Thank you so much!

[@celinemuhoza2060]

Thanks Silvia!!! Your explanations are very useful, clear and easy to understand.

[@jessgenesh9127]

You explain the things so clearly! Wonderful

[@janeherdsman]

Silvia, you are a miracle!

[@piyushsharma6]

hi silvia thanks for providing such precise, subtle yet effective summaries . Honestly, I would very soon go for your online modules.

[@mohamednasfan4046]

Very very usefull . Great Job. Thank You Very Much.

[@karinsteinl7064]

Thank you so much. This video is a BLESSING!

[@erwindavid8874]

I really love your simplified lesson of such topics. Same goes with your voice. Thanks a lot

[@farijearifi6129]

indeed, her voice matches the explanation

[@irachmaditya]

Outstanding explanation..

[@rahul23545]

Thanks Silvia, its really a good

[@islamculture5531]

i am from Bangladesh and my teacher follow your lectures and sheet....

[@basiimaevelyn1381]

I hv understood Consolidation 100%,and its too common in CPA ( uganda)

[@muddassarsharif3506]

excellent work

[@bbtbekele2294]

Thank you very much for your kind help.

[@pnorfy61]

very clear - thank you

[@mbongenibruno3680]

the best lecture

[@salmanansari7843]

this is one of the amazing lecture i believe very nicely presented and everything i understood at once only i don't know how to reach you bt it at really helped me a lot

[@ikrambhatti4597]

WOW very useful!

[@mahdisaeed8326]

thank you silvia
tutorial is like the food your expanation is like fast food short time with sufficient information
in india they make it very difficult with alot of time , it is like food there 2 hrs to make for you lunch
at the end is all males
thank you teacher

[@ntikelo5994]

Powerful!!!

[@AhmedAli-wf6dn]

wonderful

[@drawingimanitasong4243]

this is great! can the parent company use cost method for the properties investments and subsidiary use FV method? what to do in consolidation then?

[@yasirfawad2664]

thank you very much indeed ma'am, love you

[@chathurangawitharana]

In an acquisition of a subsidiary with the intention to resale, will it come under IFRS 5?

[@dankazingizi9114]

on point.thank you

[@vondo.hujur.123]

thanks a lot!

[@waqarulislam1794]

My question if one entity has 10% shares/investment in subsidiary and another entity has 90% shares/investment but management and board of directors for both parent entities are same and it is part of one group (same ultimate parent), does IFRS 9 apply to company having 10% shares in subsidiary?

[@anshulagarwal7069]

thanx mam♡

[@alemw-mariam9774]

thanks!!

[@solomongeremew7082]

Thanks

[@IAABC]

Hi Ms. Silvia, Can u please guide about any good consolidation software for entities having overseas operations with multiple functional currency and massive inter company transactions. Thanks

[@reddysatyajeet7]

Hyperion financial management (HFM ) its oracle's product and currently consolidation leader in the market

[@sendaitohoku]

Nice video but subsidiary is pronounced sub·sid·i·ary (not sub-si-diary.).

[@dilshoddubai7197]

sendaitohoku 😨😨😨