IAS 27 - Separate Financial Statements
Financial Dictionary — IFRS & IAS Standards
Definition
IAS 27 deals with accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates in an entitys separate financial statements.
Use cases, Example & Why it matters
Use cases
- Used when applying IFRS/IAS requirements for recognition, measurement, presentation, or disclosure.
- Used to justify accounting treatments in working papers and financial statement notes.
- Used to justify accounting treatments in working papers and financial statement notes.
Example
- Example: When preparing year-end reporting, management applies **IAS 27 - Separate Financial Statements** to determine the correct IFRS treatment and disclosures.
Why it matters
- Why it matters: Ensures compliance with IFRS, improves comparability across periods and entities, and reduces financial reporting risk.