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Concepts · CA Final/Financial Reporting

Financial Reporting

Ch 4 · Ind AS 110 — Consolidated Financial Statements

5 concept points · 3 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

⭐ Important points (exam-critical)

  • ⭐Step acquisition: re-measure previous equity interest to FV at date of obtaining control.
  • ⭐Distinguish associate (Ind AS 28 — equity method) from subsidiary (control, consolidate).
  • ⭐Joint arrangement: JV (equity method) vs JO (proportionate share of A&L).
  • ⭐Common control transactions: pooling of interest method under Appendix C of Ind AS 103.

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