Accounting Standards and Guidance

FRC Financial Reporting Standards (FRSs)

UK/Irish accounting framework (effective for periods beginning on or after 1 Jan 2015)

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland

Section 14 Investments in Associates

Section 14 – Scope of this section

14.1	This section applies to investments in associates in:

consolidated financial statements; and

the individual financial statements of an investor that is not a parent.

An entity that is a parent shall account for its investments in associates in its separate financial statements in accordance with paragraphs 9.26 and 9.26A, as appropriate. ^{[AMD 356]}

^{AMD 356}

Amendment

Paragraph 14.1 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017)

Effective date

01/01/2019

Previous text

14.1 This section applies to accounting for associates in consolidated financial statements. This section also applies to accounting for investments in associates in the individual financial statements of an investor that is not a parent. An entity that is a parent shall account for its investments in associates in its separate financial statements in accordance with paragraphs 9.26 and 9.26A, as appropriate.

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