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IFRS 10: Consolidated financial statements

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.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • IASB news
  • Guides
  • Online articles
  • Articles and books from the Library

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Full-text standard

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 IFRSs such as illustrative examples, implementation guidance and bases for conclusions.


IFRS 10 Consolidated Financial Statements
IASB technical summary, as issued at 1 January 2014.

IFRS 10 Consolidated Financial Statements
Project summary from the IASB, with links to related documents.

IFRS 10 – Consolidated Financial Statement
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

IASB news

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.

Guides and publications

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 – Consolidation for fund managers
Guide published by Ernst & Young in January 2013 analysing the impact of IFRS 10 on fund managers, illustrated with typical examples.

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.

IFRS insights for asset managers: Consolidated financial statements
Guide from Ernst & Young discussing the impact of IFRS 10 and IFRS 12 on asset managers and funds.

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.

Other resources

IFRS Learning
Interactive training modules from Deloitte with practical scenarios, worked examples and questions to test your knowledge. Each module is available to download as a zip file free of charge (registration is required).

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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