20181213【充实计划】第919期

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昨天复习看了下有关投资书籍，摘要如下：
2. Investments in Equity Securities
Equity investments are investments in shares of another company.
There is a trend in financial reporting to measure more assets at fair value on an annual basis. IFRS9 requires that all nonstrategic equity investments be measured at fair value, including investments in private companies.
Reporting Methods for Investments in Equity Securities
Type of Investment        Reporting Method        Reporting of Unrealized Gains
Strategic Investments               
--Significant influence        Equity method        Not applicable
--Control        Full consolidation        Not applicable
--Joint control through JV        Equity method        Not applicable
NonStrategic Investments               
FVTPL        Fair value method        In net income
Other-elect FVTOCI        Fair value method        In other comprehensive income
Always try to understand the forest before looking at the trees. It is very important that you do not lose sight of the forest when you study the trees.
Five Directed Related IFRSs for investments in equity: (1) IFRS10: Consolidated Financial Statements; (2)IAS 28: Investments in Associates and Joint ventures; (3)IFRS11: Joint Arrangements; (4) IFRS9: Financial Instruments—Classification and Measurement; (5)IFRS 12 Disclosure of Interests in Other Entities.
Other Related IFRSs for investments in equity: (6)IAS 27: Separate Financial Statements; (7)IFRS 3: Business Combinations; (8) IFRS8: Operating Segments; (9)IAS1: Presentation of Financial Statements; (10)IAS 12:Income Taxes; (11) IAS21: The Effects of Changes in Foreign Exchange Rates; (12)IAS 36: Impairment of Assets; (13) IAS 38: Intangible Assets; (14) IFRIC16: Hedges of a Net Investment in a Foreign Operation

A parent is not required to present consolidated financial statements for external reporting purposes if it is itself a subsidiary of another entity, and the ultimate or any inter-mediate parent of the parent does produce consolidated financial statements available for public use that comply with IFRSs. A parent company does not have to issue consolidated financial statements if its parent issues consolidated financial statements.
When an entity prepares separate financial statements, it shall account for investments in subsidiaries either at cost or fair value.
The equity method picks up the investor’s share of the change in the associate’s shareholder’s equity. Come is recognized based on the income reported by the associate, and dividends are reported as a reduction of the investment account. The investor’s statement of comprehensive income should reflect its share of the investee’s income according to its nature and the different statement classifications.
The investor’s shares of income from continuing operations, discontinued operations, and other comprehensive income are reported separately.
Consolidated statements should reflect only the results of transactions with outsiders. Profits from intercompany transactions must be eliminated until the assets are sold to outsiders or used in producing goods or providing services to outsiders.
Average costs should be used in determining any gain or loss when an investor sells part of its investments.
The fair value of an investment in associate should be disclosed when it is readily available.
Equity method requires the investor to record its share of any changes in the shareholder’s equity of the investee, adjusted for the amortization of the acquisition differential and the holdback and realization of profits from the intercompany sale of assets.

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充实每一天 发表于 2018-12-13 05:59
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