Reading 19: Intercorporate Investments

Question 1

Describe the classification, measurement, and disclosure under IFRS for 1) investment in financial assets, 2) investments in associates, 3) joint ventures, 4) Business combinations, and 5) special purpose and variable interest entities

Question 2

Distinguish between IFRS and U.S. GAAP in the classification, measurement, and disclosure of investments in financial assets, investment in associates, joint ventures, business combinations, and special purpose and variable interest entities.

Question 3

Analyze how different methods used to account for intercorporate investments affect financial statements and ratios.