Intercorporate taxonomy, review attention, acquired, interest, account, records

luckygiftvn

Less than 20% (with no influence ---> classify as HtM, AfS, or HfT, and pay attention to how you account for interest/dividend and G/L.

Between 20%-50% (with influence) ----> use equity method (only?)

Joint Ventures ----> proportionate consolidation (IFRS), or Equity Method (U.S.).

If > 50% --------> use acquisition method (only?), some in the past used pooling, so you need to be aware of its impact. In acquisition, IFRS records assets+liabilities at FV. U.S., only acquired stuff at FV. If pooling was used, then assets+liabilities recorded at V.

If having control over SPE, use consolidation...if no control (?)

Agree or disagree, please.