IFRS 12Chapter 2Lesson 1
Significant judgements: explaining how the entity reached its conclusion
Step 1 of 6Learning objectives
Go deeper+1 deeper insight · +1 point of attention
Control, joint control, significant influence: these conclusions rest on judgements. IFRS 12 asks the entity to explain the significant ones, not just to state the outcome.
35 minNot started
Learning objectives
- State which significant judgements and assumptions the entity must explain.
- Spot, in a case, the judgement to explain and the nature of the explanation expected.
- Tell an example of a judgement from a threshold set by the standard.
- State what changes when the facts move during the period.