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IFRS 12Disclosure of Interests in Other Entities

IFRS 12Chapter 3Lesson 3

Changes in ownership and loss of control: what the reader must see

Step 1 of 4Learning objectives

Go deeper+2 deeper insights · +2 calculations · +1 journal entry · +1 point of attention

Buying or selling shares of a subsidiary, or losing control of it, changes equity or profit. IFRS 12 asks the entity to show these effects; IFRS 10 says how to account for them.

40 minNot started

Learning objectives

  • Calculate the effect on owners’ equity of a change in ownership without loss of control.
  • Record the purchase of non-controlling interests without loss of control.
  • Calculate the part of the gain on loss of control attributable to remeasuring the retained investment.
  • Identify the information to provide on a loss of control.

In this lesson

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

Contents — IFRS 12 — Disclosure of Interests in Other Entities

  1. 1 · Not startedObjective, scope and level of detail0 / 1 lesson
  2. 2 · Not startedSignificant judgements and assumptions0 / 1 lesson
  3. 3 · Not startedInterests in subsidiaries0 / 3 lessons
  4. 4 · Not startedInterests in joint arrangements and associates0 / 2 lessons
  5. 5 · Not startedUnconsolidated structured entities0 / 1 lesson
  6. 6 · Not startedInvestment entities0 / 1 lesson
  7. 7 · Not startedLinks with other standards and post-implementation review0 / 1 lesson