IFRS 12 — Disclosure of Interests in Other Entities
Modules of the standard
- Concepts27 publishedNormative and pedagogical mapping.
- Questions50 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers3 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
- Objective, scope and significant judgments of a group: control without a majority, significant influence below 20 % and unconsolidated structured entityL1Beginner
- Subsidiary with material non-controlling interests: disclosures per subsidiary, basis of the summarised information, restrictions, materiality and information on associatesL2Intermediate
- Change in ownership without loss of control and loss of control: table of the effects on equity, gain attributable to the remeasurement, consolidated structured entity and interest held for saleL3Advanced
- Material associate and joint venture: individual summarised information, reconciliation to the carrying amount, unrecognised share of losses, commitments and interaction with IFRS 11 and IAS 28L3Advanced
- Unconsolidated structured entities, sponsor and investment entity: judgments, disclosures on unconsolidated subsidiaries, support and exemptionsL4Expert
- Group file: disclosures on judgments, subsidiaries, joint arrangements and associates, and unconsolidated structured entities (IFRS 12)L4Expert
Workpapers
- Checklist of the scope, the level of detail and the significant judgments: control, joint control, significant influence and investment entity
- Disclosures on subsidiaries: material non-controlling interests, summarised information, restrictions, changes in ownership and loss of control
- Disclosures on joint arrangements, associates and unconsolidated structured entities: summarised information, reconciliation to the carrying amount, unrecognised losses, commitments and structured entities
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective, scope and level of detail
- Objective and scopeImportant3 questions
- Interests held for saleAdvanced1 question
- Level of detail and aggregationImportant2 questions
Significant judgements and assumptions
- Significant judgements and assumptionsCore3 questions
- When facts changeImportant2 questions
- Examples of significant judgementsCore3 questions
- Investment entity statusAdvanced1 question
Interests in subsidiaries
- Group compositionCore3 questions
- Material non-controlling interestsCore3 questions
- Summarised information on subsidiariesImportant2 questions
- Significant restrictionsImportant2 questions
- Risks of consolidated structured entitiesAdvanced1 question
- Changes in ownership without loss of controlImportant2 questions
- Loss of controlImportant2 questions
Interests in joint arrangements and associates
- Material joint arrangements and associatesCore4 questions
- Summarised information, entity by entityImportant2 questions
- Reconciliation to the carrying amountAdvanced1 question
- Unrecognised losses and restrictionsAdvanced1 question
- Commitments and contingent liabilitiesAdvanced1 question
Unconsolidated structured entities
- Definition of a structured entityCore3 questions
- Objective of the unconsolidated entity disclosuresImportant2 questions
- Past involvement of a sponsorSpecialised1 question
Investment entities
- Unconsolidated subsidiariesAdvanced1 question
- Restrictions, support and reliefSpecialised1 question
Links with other standards and post-implementation review
- The division of roles with IFRS 10Specialised1 question
- The division of roles with IFRS 11 and IAS 28Specialised1 question
- The 2022 post-implementation reviewSpecialised1 question