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IFRS 12Chapter 5Lesson 1

Structured entities: definition, consolidated and unconsolidated risks

Step 1 of 8Learning objectives

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In a structured entity, voting rights are not what decides who controls it. IFRS 12 asks the entity to explain the interests and risks attached to it, whether it is consolidated or not.

45 minNot started

Learning objectives

  • Explain that a structured entity is designed so that voting rights are not the dominant factor in deciding who controls it.
  • Identify, in a case, whether an entity is a structured entity.
  • Explain the objective of the information on unconsolidated structured entities and identify the situations concerned.
  • Assess whether the past involvement of a sponsor calls for risk information.
  • Assess the information on the risks of a consolidated structured entity, notably financial support.

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