IAS 28 Investments in Associates and Joint Ventures - applies in 2024

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This is just the short executive summary of IAS 28 and does NOT replace the full standard - you can see the full text on IFRS Foundation's website.
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[@anviahuja5983]

Thank you ma'am, you are better than my college professors!

[@sohanurrahman3939]

I think too. She is better than my Professor.

[@munnebahmad1944]

hhhha same

[@mariazarzartun5408]

Thank u. My country is under tight of Government Rules .I try to donate when my country will get democracy. Because my country tuitions fees are very Expensive.

[@bokangmotopi9076]

Thank you so so much for this. Test week is about to start and I really needed to have a simplified way of understanding that. Thank You!!

[@chinthakasilva2240]

Thank you very much my Silvia , your summary make me very comfortable to catch to standard ..

[@SourabhChouksey1991]

Hi Silvia, Significant influence defined as acquisition of 20% or more of Voting rights. Not only above 20%.

[@nitinbhalla3391]

7:00 - Equity Method

[@husnainkazmi1513]

You are just Amazing. What a way teaching. Superb

[@chrishaynes561]

I can't believe it can be this good

[@ashanrashmindra5859]

1) do we need to use equity method for a company where no subsidiaries exist? (in separate financial statements/in group) 2) can we use equity, cost or fv accounting for investment (when significant influence exists) in separate financial statements?

[@siddusidd5571]

Dear Silvia, do we need to prepare Consolidated Financial statements for Associates and Joint ventures too? or we will apply this equity method in Separate FS? Please Please help me in understanding

[@joshmodika1502]

Thank you!

[@cathrinemahwire2949]

Thank you so much , your explanations are just so clear

[@javedakhtar36]

Excellent and no words to praise

[@angelynewa2143]

May I ask accounting question regarding investment? when should I recognise investment in associates and subsidiaries? At the time of acquisition? Or issuance of share certificates? Or otherwise?

[@CPDbox]

At the date when you acquire control of a subsidiary or significant influence over an associate - whatever event might trigger it.

[@thansalabdulbasheer5772]

you are amazing silvia. great stuff here.

[@akashdeepsingghh]

Thank you Silvia, your lectures are really helpful, In '2.2 Disributions received from investee' @8:43 why do we credit Investment in associate account?

[@trixyeagles3190]

Idk if this helps but in Equity method, dividends received is regarded as a return of investment...

[@saquibkhan9031]

When cancelling mutual transaction, why do we can cancel to the extent that relates to %age of company’s share in associate and not in full. Even if the profit is fully recognised in the COMPANY’s account.

[@davidshambare336]

Thanx a lot this is well summarized and insightful

[@rezasoleimani6328]

Hi Mrs. Silvia .all sub of the video in this page are active, but the sub of this video is not active , please check it .thank you

[@AgathaBeryvilcke]

thank you! just one question: I think, Initial recognition could be made at cost OR under IFRS 9, i.e. fair value through pl or oci. why in the video stated, that initial recognition is making only at cost? because IFRS 9 is not mandatory to application now? thank you

[@CPDbox]

Dear Agata, IAS 28 par. 10 clearly says the initial recognition as at cost. What you wrote applies in the separate financial statements (not consolidated). S.

[@quantumphotoelectric8957]

Hello! IAS 28 requires equity method when there is significant influence. However, under IAS 27, investments in subsidiaries, joint venture, and associates can be presented wither at cost, in accordance with IFRS 9, or using equity method. Can you clarify this? Thank you.

[@CPDbox]

I agree it is not really clear. IAS 27 applies for separate financial statements of a single entity (if that entity elects to prepare them), that is a parent. Here you have a choice. IAS 28 applies to group financial statements where you always apply equity method (unless you are exempt). So let's say you are not exempt under IAS 28, then you basically need to apply equity method; and any method in line with IAS 27 IF you elect to prepare separate financial statements.

[@jihane0jihane]

Excellent channel

[@sisaytayu2087]

Thank you

[@dew3286]

Good day! Thank you for the insightful presentation of IAS 28. I just want to ask, if the entity has an unrealized or realized profit from a joint venture downstream sale transaction, should it be recognized only to the extent of the investor's share?

[@tabishraza139]

Yup

[@vamshi8597]

Thanks!

[@flamboyantlyme]

Really nice...n easily explained 👌👍

[@simkondasimz547]

very very helpful

[@bluegratia8942]

So helpfull thankkk youuu

[@nsmbeautybar2574]

please do IAS 27 your videos are the reason im passing

[@SandeepYadav-bm4kx]

Thanks

[@Rodrigo-nv4kg]

excellent !

[@prashanthpasyy7686]

Watching on 2024😅😅😅

[@drawingimanitasong4243]

What is investor newds needs to close his accounting before the investee ?

[@CPDbox]

I don't quite get the question... maybe you asked "What if investor needs to close his accounts before the investee?" In this case, the investor must make sure to get reports from the investee :) Or, the investor can use the investee's reports at the different date if the difference is no more than 3 months+no major differences arise.

[@anuraagmehta6583]

Great and amazing video

[@majebehasa3121]

💞

[@philaniwelcome7249]

Mmmmmh you are the best Mom. ❤️❤️😍

[@2020balance]

12 weeks of confusing lectures understood in 1 minute.

[@katlegokgopane7648]

Thank you