Group accounting including statements of cash flows

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Conditions set by IFRS 10 to determine entities required to prepare consolidated financial statements

IFRS 10 requires that any entity that is the parent (control other entities) must prepare consolidated financial statements. An entity is a parent if it controls another entity.

Control exists when an investor is exposed, or has rights to variable returns from its involvement with the investee and has the ability to affect those returns through its power over … Read the rest

Cash flow from financing activities – meaning.

Cash flow from financing activities involves cash generated by obtaining resources from owners and providing them with a return on their investment, borrowing money and repaying amounts borrowed and obtaining and paying for other resources obtained from creditors on long-term credit. Cash flows from financing activities involve the proceeding from issuing share or other similar instrument, debentures, mortgages, bonds and … Read the rest