About this Course

To equip participants with the ability to apply the equity method and to report the investment in associate in accordance with the requirements in FRS 28. 

Participants will be able to:

• Understand the definitions in FRS 28, particularly the concept of ‘significant influence’
  
• Understand the rationale and principles underlying the equity method
  
• Apply the procedures for accounting for investments in associates in accordance to FRS 28
  
• Apply the accounting treatment for impairment losses
  
• Know the disclosure requirements when reporting for investment in associates 
  

Programme Outline 

Scope

Definitions 

• Significant influence
  
• Equity method
  
• Other terms

• Overriding principle
  
• Present ownership interests
  
• Potential voting rights
  
• Other sources of significant influence
  

Application of the equity method

• Exceptions to applying the equity method
  
• Applying the substance of consolidation
  
• Upstream and downstream transfers
  
• Applicability of FRS 103
  
• Presentation of the effects of the equity method
  
• Accounting policies
  
• Non-coterminous reporting dates
  
• Discontinuation of the equity method
  
• Other considerations
  

Impairment losses 

• Applicability of FRS 39
  
• Special considerations
  

Disclosures  

Intended For

A Foundation to Intermediate level programme targeted at both Accounting and Audit Professionals. Those who wish to achieve a deeper understanding in FRS 28 are encouraged to attend.

Rate this course:

Log in to submit

Comments