New UK GAAP 2015: Application of FRS 100-102 in the UK

Chapter 6 Consolidated and separate financial statements

1 Introduction

2 Comparison between Section 9, previous UK GAAP and IFRS

   2.1 Key differences between Section 9 and previous UK GAAP

       2.1.1 Definition of a subsidiary held exclusively with a view to subsequent resale

       2.1.2 Special purpose entities

       2.1.3 Increasing a controlling interest in a subsidiary

       2.1.4 Decreasing a controlling interest in a subsidiary

       2.1.5 Accounting for exchange differences on the disposal of a foreign operation in consolidated financial statements

       2.1.6 Presentation of non-controlling interest

       2.1.7 Losses attributable to non-controlling interest

       2.1.8 Investments in subsidiaries, associates and jointly controlled entities in separate financial statements

       2.1.9 Disclosure differences

   2.2 Key differences between Section 16 and IFRS

       2.2.1 Requirement to prepare consolidated financial statements

       2.2.2 Investment entities

       2.2.3 Definition of control

       2.2.4 Special purpose entities and structured entities

       2.2.5 Subsidiaries excluded from consolidation

       2.2.6 Accounting for a retained interest in a disposal where control is lost in consolidated financial statements

       2.2.7 Accounting for exchange differences on the disposal of a foreign operation in consolidated financial statements

       2.2.8 Accounting for non-controlling interests in consolidated financial statements

       2.2.9 Accounting ...