Equity transactions of associate/joint-venture IAS 28 is silent on how to account for equity transactions (i.e. Cr Dividend income (P/L) R2 500 Then the journal entry required to account for the investment in the associate in accordance with the equity method and paragraph 14.8 (a) of the IFRS for SMEs will be: Dr Dividend income (P/L) R2 500 ABC PLC has 1 million fully paid ordinary shares in issue of $1 each. Under the equity method, dividends and other capital distributions received from an investee reduce the carrying amount of the investment (IAS 28.10). IFRS 10 was issued in May 2011 and applies to annual periods beginning on or after 1 January 2013.
IFRS 3: Business Combinations; IAS 27: Consolidated and Separate Financial Statements; Subsidiary to Subsidiary Dividend payments made last year amounted $1,500,000 in respect of dividends declared in 2011. No interim dividend was declared in the previous accounting period. Group Accounts Gain/loss on disposal recognised, calculated in the same way as gain/loss on disposal from Sub to Assoc. A subsidiary is a company that is controlled by another company that owns 50% or more of its voting stock. The consolidation method is a type of investment accounting used for consolidating the financial statements of majority ownership investments. The effect of adopting IFRS is not relevant when considering the lawfulness of a proposed final dividend for 2004 that is included in the 2004 accounts.

STEP ACQUISITIONS. IFRS 10 outlines the requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls. Final dividend for the current year was declared on 10 January 2014 amounting $2.5 per share. Applicable Standards. This is based on existing guidance in TECH 7/03 about changes of accounting policy.

This is very confusing as it does not state when cost method should be used. !



IAS 27 requires entities to account for investment in subsidiaries, associates and joint ventures in separate statement to use either: cost, or IFRS9 or equity method.

How to Account for Subsidiaries. Control requires exposure or rights to variable returns and the ability to affect those returns through power over an investee.

This method can only be used when the investor possesses effective control of a subsidiary, which often assumes the investor owns at least 50.1%
IAS 28 defines the equity method as a method of accounting whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the investor's share of net assets of the investee. I can’t find the answer anywhere ! Separate Accounts Future dividends after disposal recognised in P&L. But any interim dividend paid for 2005 would have to have regard to the effect of IFRS adoption.

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