Inter-Company Investments (IFRS): FVTPL vs FVTOCI, Gains/Losses

School: Queens University - Course: BUSINESS MANAGEMENT - Subject: Accounting

Inter-Company Investments (IFRS) Non-Strategic <20%IFRS 9 Strategic FVTPLReport at FMV Gains/Losses to Income FVTOCI Report at FMVGains/Losses to OCIInvestment not held fortradingMust choose at purchasedateCannot changeCleared to R/E whensold Control >50% IFRS 10 Definition of control Report: Consolidated F/S Record at cost or equity or FMV Parent/subsidiary Joint Control IFRS 11 Significant Influence ≥20%-50% IAS28 "Participate, but not control" Possible indicators (IAS28.06.09) "Associate" Report: Equity Method Chapter 2Chapter 9Chapter 3-8

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