Applying The New Consolidation & Joint Arrangement Standards
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  Running Time: 9:42 Date: 21/10/2012 A new standard on consolidation is just around the corner...are you across it yet? The International Accounting Standards Board has focussed on developing a new standard on consolidation. The IASB has taken action following concerns raised during the GFC about the adequacy of the International Financial Reporting Standards, in particular, concerns that entities were leaving net liabilities from their balance sheets by claiming that they didn't "control" other entities. The new rules come into effect in 2013. They will affect such industries as real estate, resources and the pharmaceutical sector, and Lynda Tomkins FCA, of Ernst & Young, outlines how the new rules will work and what you need to know to make sure you're across them all. Lynda Tomkins FCA, Ernst & YoungTopics: Accounting & Tax, Financial Management |
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