IFRS 10 Consolidated Financial Statements

E453773

Accounting standard International Financial Reporting Standard

IFRS 10 Consolidated Financial Statements is an international accounting standard that sets out principles for presenting and preparing consolidated financial statements when an entity controls one or more other entities.

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All labels observed (1)

Label	Occurrences
IFRS 10 Consolidated Financial Statements canonical	1

Statements (49)

Predicate	Object
instanceOf	Accounting standard ⓘ International Financial Reporting Standard ⓘ
amendedBy	Investment Entities amendments (2012) NERFINISHED ⓘ Investment Entities: Applying the Consolidation Exception (2014) NERFINISHED ⓘ Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (2014, effective date deferred) NERFINISHED ⓘ
appliesTo	Annual periods beginning on or after 1 January 2013, with earlier application permitted ⓘ
appliesWhen	An entity controls one or more other entities ⓘ
basisForConclusionsIn	IFRS 10 Basis for Conclusions document NERFINISHED ⓘ
contains	Application guidance in Appendices ⓘ
controlModelBasedOn	Ability to use power to affect the amount of returns ⓘ Exposure or rights to variable returns from involvement with the investee ⓘ Power over the investee ⓘ
defines	Consolidated financial statements ⓘ Control of an investee ⓘ Investment entity ⓘ
developedBy	IASB as part of the consolidation project ⓘ
effectiveDate	1 January 2013 ⓘ
issuedBy	International Accounting Standards Board NERFINISHED ⓘ
jurisdictionUse	Required or permitted in many countries that have adopted IFRS Standards ⓘ
language	English (official text, with authorised translations) ⓘ
objective	To establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities ⓘ
partOf	IFRS Standards NERFINISHED ⓘ
providesGuidanceOn	Accounting by investment entities ⓘ Agency relationships ⓘ Assessing control ⓘ Continuous assessment of control ⓘ De facto control ⓘ Potential voting rights in assessing control ⓘ Principal versus agent assessment ⓘ
relatedTo	IAS 28 Investments in Associates and Joint Ventures NERFINISHED ⓘ IFRS 12 Disclosure of Interests in Other Entities NERFINISHED ⓘ IFRS 3 Business Combinations NERFINISHED ⓘ
replacedStandard	IAS 27 Consolidated and Separate Financial Statements (in respect of consolidation requirements) NERFINISHED ⓘ SIC-12 Consolidation—Special Purpose Entities NERFINISHED ⓘ
requires	A parent to present consolidated financial statements ⓘ Consistent reporting dates for parent and subsidiaries, with limited exceptions ⓘ Consolidation of all subsidiaries controlled by the parent ⓘ Elimination of intragroup balances and transactions ⓘ Full consolidation of subsidiaries, with non-controlling interests presented separately ⓘ Non-controlling interests to be presented within equity in the consolidated statement of financial position ⓘ Reassessment of control when facts and circumstances change ⓘ Use of uniform accounting policies for like transactions and events ⓘ
scopeExcludes	Post-employment benefit plans within the scope of IAS 19 Employee Benefits ⓘ Separate financial statements prepared in accordance with IAS 27 Separate Financial Statements ⓘ
scopeIncludes	All entities that are parents ⓘ
setsOut	Principles for the preparation of consolidated financial statements ⓘ Principles for the presentation of consolidated financial statements NERFINISHED ⓘ
supersedes	Consolidation requirements previously in IAS 27 ⓘ
title	Consolidated Financial Statements ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

International Financial Reporting Standards → hasStandard → IFRS 10 Consolidated Financial Statements ⓘ