Consolidated financial statements (IFRS 10)

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Consolidated financial statements (IFRS 10) by Mind Map: Consolidated financial statements (IFRS 10)

1. Recognition and measurement

1.1. Control

1.2. Power

1.2.1. Assessing power

1.2.2. Relevant activities

1.2.3. Sharing power

1.2.4. Existing rights

1.2.5. Substantive rights

1.2.6. Protective rights

1.2.7. Voting rights

1.2.7.1. Power with a majority of the voting rights

1.2.7.2. Majority of voting rights but no power

1.2.7.3. Power without a majority of the voting rights

1.3. Exposure to returns

1.4. Link between power and returns

1.4.1. Ability to use power to affect returns

1.4.2. Decision maker – principal or agent

1.4.3. The scope of the decision making authority

1.4.4. Rights held by other parties

1.4.5. Remuneration

1.4.6. Exposure to variability of returns from other interests

1.4.7. De facto agents

1.5. Determining whether an entity is an investment entity

1.6. Investment entities: exception to consolidation

2. Scope and definitions

2.1. Quick overview

2.2. Definitions

2.3. Scope

3. Current issues and further resources

3.1. Current issues

3.1.1. Covid-19 considerations

3.1.2. Future amendments

3.1.3. Reporting Framework differences

3.1.4. IFRIC agenda

3.2. Further resources

3.2.1. IFRS disclosure checklist

3.2.2. Model accounts

4. Accounting and presentation requirements

4.1. Presentation of consolidated financial statements

4.2. Consolidation and reporting dates

4.3. Uniform accounting policies

4.4. Non-controlling interests

4.5. Potential voting rights

4.6. Loss of control