The International Accounting Standards Board (IASB) today published Equity Method in Separate Financial Statements (Amendments to IAS 27). The amendments to IAS 27 will allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate financial statements.
The amendments will help some jurisdictions move to IFRS for separate financial statements, reducing compliance costs without reducing the information available to investors.
The amendments respond to requests that the IASB had received during its inaugural public agenda consultation.
Subscribers to eIFRS can download Equity Method in Separate Financial Statements (Amendments to IAS 27) from eIFRS.