Search Definitions

Existing rights that give the current ability to direct the relevant activities . …

Rights designed to protect the interest of the party holding those rights without giving that party power over the entity to which those rights …

For the purpose of this Standard, relevant activities are activities of the investee that significantly affect the investee’s returns. …

Rights to deprive the decision maker of its decision-making authority. …

An entity that is controlled by another entity. …

The following terms are used in this Standard with the meanings specified: …

An associate is an entity over which the investor has significant influence. …

Consolidated financial statements are the financial statements of a group in which assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic …

The equity method is a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the investee’s net assets. The investor’s profit or loss includes its …

A joint arrangement is an arrangement of which two or more parties have joint control. …