IAS 24Chapter 3Lesson 1
Related entities: group, associates, joint ventures and entities controlled by a person
Step 1 of 6Learning objectives
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Two entities are related because they are in the same group, because one is the associate or joint venture of the other, or because a related person controls one of them; finer cases belong to the deeper level.
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Learning objectives
- Identify entities related through the same group, an associate or joint venture, or a related person.
- Apply these criteria to a simple group chart.
- Handle the finer cases: subsidiaries of associates, joint ventures of the same third party.