IFRS 10 Consolidated Financial Statements

Hosted by Ernst & Young's Global IFRS Services

The IASB recently issued IFRS 10 Consolidated Financial Statements, which represents a fundamental change to determining which companies are included in consolidated financial statements. Join our experienced panelists who will explain the key concepts in the new model, explore the main differences from current IFRS and identify practical implications for your business.

Does your company:

• Hold options or warrants to acquire interests in other companies?
• Have significant (but less than majority) interests in other companies?
• Get involved with "structured entities" or "special-purpose entities"?
• Act in a fiduciary role – for example, as an asset manager, as an investment manager, or on behalf of others as an operator of a project?

If so, adopting IFRS 10 might significantly affect your balance sheet and income statement. Learn about the implications of IFRS 10 before you structure new acquisitions and arrangements with other parties.

IFRS 10 removes the bright lines that existed previously. It will require CFOs and Controllers to exercise significant judgement to determine whether another entity is controlled. We will discuss some of the key areas where judgement will be required, and the more challenging aspects of IFRS 10 to implement.

We hope you can join us for this discussion.