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Investments in Associates & ASSOCIATES (2003) Investments in Associates and Joint Ventures (2011) 1989 January 1, 1990: IAS 29: Financial Reporting in Hyperinflationary Economies 1989 January 1, 1990: IAS 30: Disclosures in the Financial Statements of Banks and Similar Financial Institutions 1990 January 1, 1991: January 1, 2007: IFRS 7: IAS 31 ...
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.
HKAS 27 Consolidated and Separate Financial Statements; HKAS 28 Investments in Associates; HKAS 29 Financial Reporting in Hyperinflationary Economies; HKAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions; HKAS 31 Investments in Joint Ventures; HKAS 32 Financial instruments: Disclosure and Presentation
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 ...
The investor records such investments as an asset on its balance sheet. The investor's proportional share of the associate company's net income increases the investment (and a net loss decreases the investment), and proportional payments of dividends decrease it. In the investor’s income statement Equity accounting may also be appropriate ...
The IFRS Foundation states that its mission is to develop IFRS Standards that bring transparency, accountability and efficiency to capital markets around the world, and that their work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
IFRS 13, Fair Value Measurement, was adopted by the International Accounting Standards Board on May 12, 2011. [17] IFRS 13 provides guidance for how to perform fair value measurement under International Financial Reporting Standards and took effect on January 1, 2013. [17] It does not provide guidance as to when fair value should be used. [18]
Regulation S-X and the Financial Reporting Releases (Staff Accounting Bulletins) set forth the form and content of and requirements for financial statements required to be filed as a part of (a) registration statements under the Securities Act of 1933 and (b) registration statements under section 12, [2] annual or other reports under sections 13 [3] and 15(d) [4] and proxy and information ...