The accounting standard IFRS 10 sets the rules for presenting and preparing consolidated financial statements when an entity controls one or more other entities. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
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The IFRS Foundation and International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.
These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRS such as illustrative examples, implementation guidance and bases for conclusions.
IFRS 10 – Consolidated Financial Statement
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
Consolidated financial statements
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.
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IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires compiled by the ICAEW Library.
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IASB postpones accounting changes for associates and joint ventures until completion of broader review
Press release issued by the IASB on 17 December 2015 announcing the postponement of narrow-scope amendments to IFRS 10 and IAS 28.
IASB publishes narrow-scope amendments to investment entity requirements
News alert from the IASB issued on 18 December 2014 announcing amendments to IFRS 10, IFRS 12 and IAS 28.
IASB publishes proposals for measuring quoted investments in subsidiaries, joint ventures and associates at fair value
News alert from the IASB issued on 16 September 2014 announcing an Exposure Draft with proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28 and IAS 36.
IASB issues Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)
News alert from the IASB issued on 11 September 2014 announcing narrow-scope amendments to IFRS 10 and IAS 28 addressing inconsistencies between requirements in both standards.
IASB publishes Exposure Draft Investment Entities–Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28)
Project update from the IASB issued on 11 June 2014 announcing proposed amendments to clarify the application of the requirement for investment entities to measure subsidiaries at fair value.
IASB issues Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)
Press release from the IASB, issued on 31 October 2012, announcing changes that apply to entities whose business purpose is to invest funds solely for returns from capital appreciation, investment income or both.
IASB publishes Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12)
Press release from the IASB, issued on 28 June 2012, announcing amendments to clarify transition guidance and provide additional transition relief.
IASB completes improvements to accounting requirements for off balance sheet activities and joint arrangements
Press release from the IASB, issued on 12 May 2011, announcing the issue of new accounting standards IFRS 10, IFRS 11 and IFRS 12.
Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.
IFRS 10 for asset managers and other related issues
Detailed guide produced by PwC in January 2017. It offers guidance on how to apply the standard in a number of different scenarios.
IFRS 10 and 12 – Questions and answers
Guide from PwC, updated in January 2015, covering power, exposure to variability, principal-agent analysis, silos, disclosure and transition provisions. It also includes a number of comprehensive case studies.
Investment entities amendment – Exception to consolidation
Question and answer guide produced by PwC in December 2014 on the application of the investment entities amendment.
Challenges in adopting and applying IFRS 10
Guide published by EY in December 2013 focusing on requirements of IFRS 10 that differ most from IAS 27 and other key implementation issues.
A practical guide to IFRSs 10 and 12: Questions and answers
Detailed guide produced by PwC, updated in November 2013. The guide examines common issues that arise in implementing the new standards.
Accounting for collaborations in the life sciences sector: Challenges in applying IFRS 10 and IFRS 11
Guide, with examples, produced by EY in June 2013.
A practical guide to new IFRSs for 2013
Guide published by PwC in March 2013 covering new standards and interpretations, including IFRS 10 with transition guidance and information on amendments on the exception from consolidation for investment entities.
IFRS 10 Consolidated Financial Statements
Guide published by Ernst & Young in December 2013 analysing the impact of IFRS 10.
Practical guide to IFRS 10 – Investment entities: Exception to consolidation
Guidance published by PwC in December 2012 with examples and a disclosure checklist.
Investment company technical release: IASB finalises exemption from consolidation for investment entities
Technical update from Grant Thornton published in November 2012 providing an overview of the amendment.
IASB amends IFRS 10 to provide an exception from consolidation for ‘investment entities’
Bulletin published by PwC in November 2012 outlining key features of the amendments affecting IFRS 10.
A practical guide to IFRSs 10 and 12: Questions and answers
Guide from PwC illustrating some common issues in implementing the two standards. Published in October 2012.
Practical guide to IFRS: IFRS 10 for the insurance industry
Guidance published by PwC in September 2012.
A supplement to the practical guide for the asset management industry
Guidance published by PwC in June 2012 as a framework for asset managers in interpreting the standard.
IFRS 10 Consolidated Financial Statements – an insurer’s perspective
Bulletin published by Ernst & Young in December 2011 as part of the IFRS Developments for Insurers series describing the impact of a single control model on the insurance sector.
Impact of the new joint arrangements and consolidation standards (Oil & Gas)
Guide published in August 2011 by Ernst & Young describing the impact of IFRS 10, IFRS 11 and IFRS 12 on the oil and gas industry.
Impact of the new joint arrangements and consolidation standards (Mining & Metals)
Guide published in August 2011 by Ernst & Young describing the impact of IFRS 10, IFRS 11 and IFRS 12 on mining and metals entities.
Practical guide to IFRS – Consolidated financial statements: redefining control
Detailed guide published by PwC in July 2011 covering the scope and impact of the standard.
IFRS 10, 11 and 12 on consolidation and joint arrangements: A changing balance sheet – Implications for the real estate and construction industries
Guide focusing on the property and construction industries, published by Ernst & Young in July 2011.
IASB issues three new standards: Consolidated Financial Statements, Joint Arrangements, and Disclosure of Interests in Other Entities
Bulletin from Ernst & Young, published in May 2011, summarising IFRS 10, IFRS 11 and IFRS 12.
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