IAS 24 — Related Party Disclosures
Modules of the standard
- Concepts39 publishedNormative and pedagogical mapping.
- Questions68 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers4 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)10 publishedLesson explanations, chapter by chapter.
Practical cases
- Related party map of a group: parent, subsidiary, associate, director and spouse, dependent supplierL1Beginner
- Transactions, balances and allowances with an associate and a subsidiary: content of the note, totals by category and arm's lengthL2Intermediate
- Key management personnel compensation by category, management entity services and a loan to a managerL3Advanced
- State-related entity: partial exemption, transaction with a State entity, loan to a manager and disclosure keptL3Advanced
- Group file: close family, entities controlled by a manager, post-employment plan, management entity, arm's length, aggregation and public fundL4Expert
- Related party file of a group: mapping, key management compensation, transactions and balances, State (IAS 24)L4Expert
Workpapers
- Related party identification map: persons, entities, exclusions, substance and parent
- Key management personnel compensation note: total, categories, management entity and other balances
- Note on transactions and balances with related parties: content, allowances, categories, arm's length and aggregation
- State-related entity exemption check: scope, limits, disclosure kept and extent
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Purpose, scope and intragroup information
- Purpose of the standardImportant2 questions
- Scope of applicationImportant2 questions
- Intragroup items and consolidated statementsAdvanced1 question
Definitions: persons, close family, key management
- Related party: the personCore2 questions
- Close members of the familyCore2 questions
- Key management personnelCore2 questions
- Related party transactionCore2 questions
- Control, joint control, significant influenceImportant2 questions
Related entity relationships
- Entities of the same groupCore2 questions
- Associate and joint ventureCore2 questions
- Joint ventures of the same third partyAdvanced1 question
- Post-employment benefit planAdvanced1 question
- Entity controlled by a related personImportant2 questions
- Management entityAdvanced1 question
- Subsidiaries of an associate or joint ventureAdvanced1 question
- Substance over formImportant2 questions
Situations that do not by themselves create a relationship
- Common director or managerCore2 questions
- Venturers among themselvesCore2 questions
- Normal dealings and economic dependenceCore2 questions
Parent and ultimate controlling party
- Disclosure about the parent and ultimate controlCore2 questions
- Next most senior parent that publishesImportant2 questions
- Why disclose control without transactionsImportant2 questions
Key management personnel compensation
- Key management personnel compensationCore3 questions
- Relief for the management entityAdvanced1 question
- Other transactions with managersImportant2 questions
Transactions, balances and presentation
- Minimum content of the disclosureCore2 questions
- Allowances and expense for the periodCore3 questions
- Disclosure by related party categoryImportant2 questions
- Examples of transactions to discloseImportant2 questions
- Arm's length statementCore2 questions
- Aggregation of similar itemsAdvanced1 question
Government-related entities
- Partial exemption for government-related entitiesCore2 questions
- Limits of the exemptionAdvanced1 question
- Disclosure retained with the exemptionCore3 questions
- Judgement on the extent of disclosureAdvanced1 question
Boundaries with other standards
- Link with IFRS 10Specialised1 question
- Link with IAS 28 and IFRS 11Specialised1 question
- Link with IAS 19Specialised1 question
- Link with IFRS 2Specialised1 question