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IFRS 10Consolidated Financial Statements

IFRS 10Chapter 3Lesson 1

Power: existing rights over the relevant activities

Step 1 of 6Learning objectives

Go deeper+1 deeper insight · +1 point of attention

Power results from existing rights that give the current ability to direct the relevant activities, that is, those that significantly affect the investee's returns.

40 minNot started

Learning objectives

  • Explain that power results from existing rights giving the current ability to direct the relevant activities.
  • Identify the rights that confer power in a given situation.
  • Identify an entity's relevant activities and analyse who directs them.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IFRS 10 — Consolidated Financial Statements

  1. 1 · Not startedRequirement to consolidate and exemption0 / 1 lesson
  2. 2 · Not startedControl: principle and reassessment0 / 1 lesson
  3. 3 · Not startedPower over the investee0 / 3 lessons
  4. 4 · Not startedVariable returns and the link0 / 1 lesson
  5. 5 · Not startedPrincipal or agent0 / 1 lesson
  6. 6 · Not startedConsolidation procedures0 / 2 lessons
  7. 7 · Not startedNon-controlling interests0 / 1 lesson
  8. 8 · Not startedChanges in ownership without loss of control0 / 1 lesson
  9. 9 · Not startedLoss of control0 / 2 lessons
  10. 10 · Not startedInvestment entities0 / 1 lesson
  11. 11 · Not startedLinks with other standards0 / 0 lessons