Written by: Barbora Choi on Tue Jun 24
IFRS 10 Consolidated Financial Statements
IFRS 10 establishes principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
“Individuals make up groups and associations. When individuals are strong, associations are strong; as the twig is bent, so is the tree inclined."
📍 IFRS 10 Consolidated Financial Statements, sets principles for financial statements of a parent and its subsidiaries/ associates/ joint ventures.
Together, they form a consolidation group.
Take a 15 second peak into the carousel on IFRS 10.
The headline quote is by Vincent Okay Nwachukwu, Weighty 'n' Worthy African Proverbs - Volume 1 (via Goodreads).
