International Accounting Standard 28

• Issued: in 1989; re-issued in 2003 and 2011, followed by amendments
• Effective date: 1 January 2013
• What it does:
  • It prescribes the accounting for investments in associates (in which an entity exercises significant influence).
  • It specifies the application of equity method for accounting of investments in associates as well as investments in joint ventures.
  • It provides guidance on how to identify significant influence.

• Summary of IAS 28 Investments in Associates and Joint Ventures
• Intro to consolidation and group accounts – which method for your investment?
• How the groups change
• Accounting for deemed disposal of an associate

• Accounting when acquired subsidiary is not a business – how to account for the asset acquisition in both separate and consolidated financial statements
• Non-controlling interest in a private company – how to account for the acquisition of share in a private company

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