IAS 27 Separate Financial Statements

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Standard 2021 Issued
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IAS 27 prescribes the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity elects, or is required by local regulations, to present separate financial statements.

Separate financial statements are those presented in addition to consolidated financial statements.

Separate financial statements could be those of a parent or of a subsidiary by itself.  In separate financial statements, an investor accounts for investments in subsidiaries, joint ventures and associates either at cost, or in accordance with IFRS 9, or using the equity method as described in IAS 28.

Standard history

In April 2001 the International Accounting Standards Board adopted IAS 26 Accounting and Reporting by Retirement Benefit Plans, which had originally been issued by the International Accounting Standards Committee in January 1987.

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