Asset Management Spotlight — IASB Issues Guidance on Investment EntitiesIssue 2, December 2012 |
This Asset Management Spotlight discusses the IASB’s recently published amendments to its consolidation requirements. Under the amendments, entities that meet the definition of an “investment entity” are exempt from consolidating certain subsidiaries under IFRS 10, Consolidated Financial Statements. Instead, such entities would measure their investments in these subsidiaries at fair value through profit or loss in accordance with IFRS 9, Financial Instruments, or IAS 39, Financial Instruments: Recognition and Measurement.
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Asset Management Spotlight — IASB Issues Guidance on Investment Entities
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