ias27 - IAS 27 International Accounting Standard 27...

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IAS 27 © IASCF A607 International Accounting Standard 27 Consolidated and Separate Financial Statements This version was issued in January 2008 with an effective date of 1 July 2009. It includes subsequent amendments resulting from IFRSs issued up to 31 December 2009. IAS 27 Consolidated Financial Statements and Accounting for Investments in Subsidiaries was issued by the International Accounting Standards Committee in April 1989. It replaced IAS 3 Consolidated Financial Statements (issued in June 1976) except in so far as IAS 3 dealt with accounting for investments in associates. IAS 27 was reformatted in 1994, and limited amendments were made by IAS 39 in 1998 and 2000. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. The Standing Interpretations Committee developed two Interpretations relating to IAS 27: •S I C - 1 2 Consolidation—Special Purpose Entities (issued December 1998) I C - 3 3 Consolidation and Equity Method—Potential Voting Rights and Allocation of Ownership Interests (issued December 2001). In December 2003 the IASB issued a revised IAS 27 with a new title— Consolidated and Separate Financial Statements . The revised standard also amended SIC-12 and replaced SIC-33. IAS 27 was subsequently amended by the following IFRSs: •I F R S 3 Business Combinations (issued March 2004) F R S 5 Non-current Assets Held for Sale and Discontinued Operations (issued March 2004) F R S 8 Operating Segments (issued November 2006) * A S 1 Presentation of Financial Statements (as revised in September 2007). * In January 2008 the IASB issued an amended IAS 27. Since then, IAS 27 and its accompanying documents have been amended by the following IFRSs: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27) (issued May 2008) * Improvements to IFRSs (issued May 2008) * F R S 9 Financial Instruments (issued November 2009). * effective date 1 January 2009 effective date 1 January 2013 (earlier application permitted)
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IAS 27 A608 © IASCF As well as SIC-12 the following Interpretations refer to IAS 27: •I F R I C 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds (issued December 2004) F R I C 1 7 Distributions of Non-cash Assets to Owners (issued November 2008). * * effective date 1 July 2009
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IAS 27 © IASCF A609 C ONTENTS paragraphs INTRODUCTION IN1–IN11 INTERNATIONAL ACCOUNTING STANDARD 27 CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS SCOPE 1–3 DEFINITIONS 4–8 PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 9–11 SCOPE OF CONSOLIDATED FINANCIAL STATEMENTS 12–17 CONSOLIDATION PROCEDURES 18–31 LOSS OF CONTROL 32–37 ACCOUNTING FOR INVESTMENTS IN SUBSIDIARIES, JOINTLY CONTROLLED ENTITIES AND ASSOCIATES IN SEPARATE FINANCIAL STATEMENTS 38–40 DISCLOSURE 41–43 EFFECTIVE DATE AND TRANSITION 44–45D WITHDRAWAL OF IAS 27 (2003) 46 APPENDIX Amendments to other IFRSs APPROVAL BY THE BOARD OF IAS 27 ISSUED IN DECEMBER 2003
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ias27 - IAS 27 International Accounting Standard 27...

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