IFRS 10: Consolidated Financial Statements¶
International Accounting Standards Board. (2011). IFRS 10: Consolidated Financial Statements.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Unity Test
- The unifying relation differs by purpose: for group consolidation it is control — a parent consolidates a subsidiary into one set of books when it holds the power to direct the subsidiary's relevant activities, typically above a voting-control threshold; for antitrust it is economic-unit analysis; for brand it is market-facing identity; for headcount or liability it is the legal-employer boundary.
This sourceDefines control as the basis for group consolidation — when a parent consolidates a subsidiary into one reporting entity — the threshold-and-relation unity test for what counts as one company.
Supported in partVerified against the work's full text
IFRS 10 makes control the basis for consolidation, backing the inside/outside frame but not the 45%-stake threshold, the differing-wholes example, or the off-balance-sheet claim.
“defines the principle of control, and establishes control as the basis for consolidation; sets out how to apply the principle of control to identify whether an investor controls an investee and therefore must consolidate the investee”
- The unifying relation differs by purpose: for group consolidation it is control — a parent consolidates a subsidiary into one set of books when it holds the power to direct the subsidiary's relevant activities, typically above a voting-control threshold; for antitrust it is economic-unit analysis; for brand it is market-facing identity; for headcount or liability it is the legal-employer boundary.
Verification¶
Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.
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Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
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