IFRS
Articles covering consolidation and reporting requirements under IFRS, including practical applications and differences from other standards.
IFRS 18: The Income Statement Has Changed — BrizoConsol Is Ready
Finance teams preparing IFRS-compliant consolidated accounts have spent years building income statement templates around IAS 1. They know the structure:…
Losing Control of a Subsidiary: The Consolidation Accounting for Disposal Under IFRS 10
The group had owned 80% of DistributeCo for six years. DistributeCo’s revenue appeared in the consolidated income statement. Its assets…
Gaining Control in Stages: How to Account for a Step Acquisition Under IFRS 3
Three years ago, the group took a 30% stake in TechCo, a software business with strong growth potential. The investment…
AASB 127 Separate Financial Statements: A Practical Guide for Australian Holding Companies
Marcus had been running the books for Apex Holdings Pty Ltd for three years. The holding company had acquired its…
AASB 121 Foreign Currency Translation: A Practical Guide for Australian Multi-Entity Groups
When the auditors reviewed the consolidated accounts of an Australian technology services group, they raised a flag on the New…
AASB 3 Business Combinations: A Practical Guide for Australian Multi-Entity Groups
When Sophie’s Melbourne-based consulting group acquired a smaller competitor for $2.8 million, the deal took six months of negotiation and…
AASB 10 Consolidated Financial Statements: A Practical Guide for Australian Multi-Entity Groups
James had run his family group for fifteen years. What started as a single operations company had grown into six…
IAS 36 Goodwill Impairment Testing: A Practical Guide for IFRS Multi-Entity Groups
When a UK-based manufacturing group acquired a German competitor in 2019, the purchase price allocation under IFRS 3 left €14…
How to Consolidate an IFRS Subsidiary into a UK GAAP (FRS 102) Parent: Journals, Fiscal Periods, and Currency Translation
UK groups that have grown through acquisition — particularly those with European or international subsidiaries — often find themselves in…
IAS 21 Foreign Currency Translation: The IFRS Guide for Multi-Entity Groups
The group’s year-end accounts showed a consolidated loss in other comprehensive income of £2.3 million that nobody in the audit…