Chapter 7 Flashcards
1
Q
IFRS 10?
A
Consolidated accounts
2
Q
Definition of ‘parent company’?
A
“An entity that controls one or more entities”
3
Q
Definition of ‘subsidiary’?
A
“An entity controlled by another entity’
4
Q
Definition of ‘group’?
A
“A parent company and it’s subsidiaries”
5
Q
Definition of ‘non-controlling interest’?
A
“The equity in a subsidiary not attributable to, directly or indirectly, to a parent”
