Exposure draft amendments to IFRS 1 first-time adoption of international financial reporting standards cost of an investment in a subsidiary [electronic resource]
Language: English Publication details: London IASB 2007Subject(s): Online resources: Summary: Concerns proposals responding to concerns about difficulties encountered by parent companies in measuring the cost of an investment in a subsidiary on adopting IFRSs. Proposes to allow a parent to use a deemed cost to measure its investment in subsidiaries when it first adopts IFRSs. Proposals also alleviates the need to restate the pre-acquisition accumulated profits of a subsidiary for the purposes of classifying dividends.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 137166-1001 |
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Concerns proposals responding to concerns about difficulties encountered by parent companies in measuring the cost of an investment in a subsidiary on adopting IFRSs. Proposes to allow a parent to use a deemed cost to measure its investment in subsidiaries when it first adopts IFRSs. Proposals also alleviates the need to restate the pre-acquisition accumulated profits of a subsidiary for the purposes of classifying dividends.