Q&A

IFRS 10 and the curious case of understanding the defination of a subsidiary!

1 month ago

Where an investment is identified as a subsidiary then consolidated financial statements are prepared. This means acquistion is applied and goodwill calculated. But what exactly is a subsidiary? In the…

Crowd funding

Q&A

6 months ago

What is crowd funding and how do you account for the cash received? Traditionally when companies wanted funding, they would either go to a bank to borrow or issue equity…

Substance over form

Q&A

7 months ago

“I was going over the IASB’s conceptual framework and come across the phrase “substance over form”. Can you explain what this means as I don’t quite understand what this phrase…