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Equity accounting

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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November 8, 2019 at 10:42 am #551816
Anonymous
Inactive
- Topics: 51
- Replies: 52
If parent has 40% investment holding, in its “individual” financial statement, is this
1) accounted as FVTOCI as per ifrs 9
2) equity accounted?
November 8, 2019 at 4:50 pm #551847
Stephen Widberg
Keymaster
- Topics: 16
- Replies: 3402
Normally as FVTOCI or at cost. Equity accounting sometimes used if consolidated FS are not being prepared
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