IFRS 10 – Consolidated Financial Statements – Theory – 1

When does IFRS 10 require an investor to reassess whether it controls an investee?

Select the correct statement with regards to intragroup balances and transactions during consolidation:

According to IFRS 10, the basis for consolidation is …

According to IFRS 10, which types of entities are defined as exceptions when consolidating particular subsidiaries?

IFRS 10 does not deal with:

Under which conditions a parent does not need to present consolidated financial statements?

An investor controls an investee if the investor has the following:

Investor that holds only protective rights can have power over an investee in exceptional circumstances.

The investor’s returns can be …

Select the correct statement: