Need to Know: IFRS 10 - Consolidated Financial ... - BDO Canada

60 IFRS 10 Consolidated Financial Statements10.2. IndexAAccounting requirements, 41Agent, 31Agreement of other parties, 18Asset-backed financings, 38BBarriers to entry, 24Barriers to exercise, 18Begin (Start) and end of consolidation, 41Block decisions, 20Bond with fixed interest rate payments, 30Bright lines, 10CConsolidation conclusion changed (reached), 44Consolidation package, 7Consolidation procedures, 41Contractual agreements with other vote holders, 21Contractual arrangements, 28Control, 11, 12Current ability to direct, 17DDe facto agents, 36De-facto control, 21Definitions, 57Direct the investee, 26Disclosure requirements, 55DisclosuresConsolidated structured entities, 38Unconsolidated structured entities, 38EEffective date, 8Exercise benefits right holder, 18Exposure to return, 27Exposure to variability of returns from other interests, 33FFixed performance fees, 30Franchises, 40GGlobal financial crisis, 6IIAS 27 Consolidated and Separate Financial Statements, 6IAS 31 Interests in Joint Ventures, 7Investment entities, 46Application guidance, 49Associates, 50Business purpose, 49Definition, 47Disclosures, 53Earnings, 50Exception to consolidation, 48Exit strategies, 49Fair value measurement, 54Joint ventures, 50More than one investment, 51More than one investor, 51Ownership interests, 51Reassessment, 52Transition, 54Typical characteristics, 47Unrelated investors, 51Investment funds, 38KKey management, 26LLegal barrier, 24Link between power and variable returns, 31Loss of control, 44MManaged funds, 31NNon-controlling interests, 42