 IAS 27 Consolidated and Separate Financial Statements - A Closer LookMPRA Paper from University Library of Munich, Germany Abstract: The International Accounting Standards Committee issued the the International Accounting Standard 27, Consolidated and Separate Financial Statements. IAS 27 provides guidance on the preparation and presentation of consolidated financial statements for a group of entities under the control of a parent. The standard also provides guidance on the presentation of investments in subsidiaries, jointly controlled entities and associates in separate financial statements. The objective of IAS 27 is to enhance the relevance, reliability, and comparability of the information contained in consolidated financial statements that a parent prepares for the group of entities it controls; and separate (non-consolidated) financial statements that a parent, investor, or venturer elects to provide, or is required by local regulation to provide. This article presents a closer look of the standard (objective, scope, definitions and disclosures). Keywords: International Accounting Standard; Consolidated Financial Statements; Minority Interest; Subsidiary; IAS 27; IASC; IASB (search for similar items in EconPapers) Published in The Management Accountant 7.45(2010): pp. 596-600 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35551 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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