Consolidation and business combinations
| Title | Description |
|---|---|
| Business combinations – Combinations by contract alone or involving mutual entities | Discontinued 2004. The IASB decided not to finalise its proposals, but rather deal with the issues in Phase II of the business combinations project. |
| Business combinations – Phase II (application of the purchase method) | Completed 2008. The IASB issued a revised IFRS 3 'Business Combinations' and related revisions to IAS 27, IAS 28, and IAS 31 on 10 January 2008. |
| Business combinations – Phase I | Completed 2004. IFRS 3 'Business Combinations', and revised versions of IAS 36 'Impairment of Assets' and IAS 38 'Intangible Assets', were issued on 31 March 2004. |
| Consolidation — Comprehensive project | Completed 2011. IFRS 10 'Consolidated Financial Statements' was issued on 12 May 2011, implementing a single consolidation model based on the concept of control replacing both IAS 27 and SIC-12. |
| Consolidation — Investment entities | Completed 2012. The IASB issued 'Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)' on 31 October 2012. |
| IAS 27 – Control by a fiduciary | Discontinued 2004. IFRIC removed this issue from its agenda at its May 2004 meeting as the IASB will consider the matter as part of its project on consolidation. |
| IAS 27 — Non-cash distributions | Completed 2008. IFRIC 17 'Distributions of Non-cash Assets to Owners' was issued on 27 November 2008. |
| IFRS 1/IAS 27 – Cost of a subsidiary in separate financial statements | Completed 2008. The IASB issued 'Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27)' on 22 May 2008. |
| IFRS 10 — Transitional requirements | Completed 2012. The IASB issued 'Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance' on 28 June 2012. |
| IFRS 10/IAS 28 — Investment entity amendments | Completed 2014. The IASB issued 'Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28)' on 18 December 2014. |
| Joint arrangements | Completed 2011. The IASB issued IFRS 11 'Joint Arrangements' on 12 May 2011, requiring the use of equity accounting for joint ventures and removing the focus on legal form when assessing arrangements. |