IAS 27 definition

IAS 27 means International Accounting Standard 27 Consolidated and Separate Financial Statements, as amended from time to time;

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IAS 27 means International Accounting Standard 27 Consolidated and

IAS 27 means IAS 27, Separate Financial Statements.

Examples of IAS 27 in a sentence

• IFRS 10 replace the parts of previously existing IAS 27 Consolidated and Separate Financial Statements that dealt with consolidated financial statements and SIC-12 Consolidation – Special Purpose Entities.

• IFRS 12 supersedes IAS 27 “Consolidated and Separate Financial Statements” and SIC-12 “Consolidation – Special Purpose Entities”.

• IAS 27 addresses accounting for subsidiaries, jointly controlled entities and associates in non-consolidated financial statements.

• By parent company is meant a company, which controls the Concessionaire as defined in the International Accounting Standard (IAS 27) of The International Accounting Standards Board (IASB).

• The company is exempt under IAS 27 Consolidated and Separate Financial Statements and section 400 of the Companies Ac▇ ▇▇▇▇ ▇rom the requirement to prepare consolidated financial statements as the company and its subsidiaries are included by full consolidation in the IFRS consolidated financial statements of its parent, The Royal Bank of Scotland Group plc, a public company registered in Scotland.

• IAS 27, Separate Financial Statements In May 2011, the IASB amended IAS 27, Separate Financial Statements (“IAS 27”).

• The amendments to IAS 27 remove the definition of the “cost method” and introduce an entity’s obligation to recognize dividends from a subsidiary, jointly controlled entity or associate in the income statement in its separate financial statements once its right to receive the dividends is established.

• The Company has applied the exemption of IAS 27 'Consolidated and Separate Financial Statements' not to present consolidated financial statements and therefore these statements are the separate financial statements of the Company.

• This amendment removes the requirements for consolidated statements from IAS 27, and moves it over to IFRS 10 “Consolidated Financial Statements”.

• The amendments to IAS 27 allows entities to apply the equity method as one of the option for accounting for its investments in subsidiaries, joint ventures and associates in its separate financial statements.