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IFRS 7: Financial Instruments: Disclosures 2005 January 1, 2007: IFRS 8: Operating Segments 2006 January 1, 2009: IFRS 9: Financial Instruments: 2009 (updated 2014) January 1, 2018: IFRS 10: Consolidated Financial Statements: 2011 January 1, 2013: IFRS 11: Joint Arrangements: 2011 January 1, 2013: IFRS 12: Disclosure of Interests in Other ...
IFRS 7, titled Financial Instruments: Disclosures, is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It requires entities to provide certain disclosures regarding financial instruments in their financial statements. [ 1 ]
Equity method in accounting is the process of treating investments in associate companies.Equity accounting is usually applied where an investor entity holds 20–50% of the voting stock of the associate company, and therefore has significant influence on the latter's management.
This can include, but is not limited to, customer relationships, technology, order backlog, brand, favourable- or unfavourable contracts, investments in associates. IFRS 3 also provide guidance for leases acquired in a business combination, where the lease liability should be remeasured at the acquisition date.
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). [1] They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and ...
IFRS 10 addresses consolidated financial statements, IFRS 11 addresses joint ventures and IFRS 12 address disclosures of interests in other entities. [1] [2] The standards were developed in part in response to the 2007–2008 financial crisis.
The revisions included the elimination of options, the expansion of disclosure requirements and additional guidance for the application of the standards. The revisions were completed in 1992. As this did not yet satisfy IOSCO, the IASC embarked on a new work programme to revise its standards, and to add standards on topics that were not yet, or ...
In Europe, investments into associate companies are called fixed financial assets. Associate value in the enterprise value equation is the reciprocate of minority interest. Under the UK Companies Act 2006, two companies are "associated" if one company is a subsidiary of the other or both are subsidiaries of the same body corporate. [1]