bapswarrior

cfagoal, this is in level 1.

bunky, go to the last chapter in book 3 (the one on differences b/w IFRS and GAAP). You will find an LOS on this in there. I have already forgotten what it is, but I think you basically just include a pro rata share of a subsidiarys income in your statements or something. However a very clear definition is given in there, just read.