IFRS Masterclass: IFRS 10 Investment entities (Cancelled)

The Investment Entities amendments to IFRS 10 were originally issued to provide some requested relief to certain types of company in the form of an exception to consolidation in certain situations. With further changes effective from 2016, questions continue to be asked around which companies meet the criteria.

This seminar takes an in-depth look at the requirements, common questions and recent regulator activity.

Learning objectives

This masterclass aims to provide participants with a deeper understanding of the definition of an investment entity in IFRS. This is critical for determining when an exception to producing consolidated financial statements might need to be applied.

Presented in an interactive environment with an expert speaker, preparer and auditor participants will have the opportunity to increase their knowledge of the criteria and characteristics of investments entities, discuss common practical challenges in assessing whether these are met and also increase their awareness of how other companies in the group structure might be impacted.

Course Content 

• Definition of an investment entity – Assessing whether the business purpose and fair value measurement criteria have been met, including level of active involvement in investees, types of earnings and whether there is an exit strategy. We also look at discussions by the IFRS Interpretations Committee
• Typical characteristics of an investment entity – An overview of the typical characteristics, including practical questions which arise for each characteristic including start-up situations
• Accounting by investment entities – How investment entities should account for subsidiaries, including situations involving intermediate holding companies
• Investment entities and separate financial statements – When separate financial statements might be required and the related accounting
• Accounting by other entities in a group structure – Including the parent company and subsidiary companies of the investment entity
• Disclosure – Particular disclosure considerations for investment entities

Who should attend

• Accountants/auditors
• Non-financial executives and directors with an active role in preparing, analyzing and presenting financial statements.