Hi,
Sorry for that question, if a Holding holds less than 20% of shares (and no control established) of another company, which accounting standard should apply?
I'm thinking of IFRS9, is that correct?
My question is that whether I should record the investment at cost or at fair value.
Thank you, guys!
HAve a nice day.
Holding shares less than 20%
Re: Holding shares less than 20%
the question is whether it is an associate or not:
https://ifrscommunity.com/knowledge-bas ... influence/
if not, then IFRS 9 at fair value (FVTPL or FVOCI)
https://ifrscommunity.com/knowledge-bas ... abilities/
https://ifrscommunity.com/knowledge-bas ... influence/
if not, then IFRS 9 at fair value (FVTPL or FVOCI)
https://ifrscommunity.com/knowledge-bas ... abilities/