IFRS 10: Consolidated financial statements
IFRS 10 Consolidated Financial Statements establishes principles for the presentations and preparation of consolidated financial statements when an entity controls one or more other entities. The standard was published in May 2011 and is effective from 1 January 2013 (1 January 2014 for EU preparers).
Full text standard
IFRS 10 Issued Standard
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This free version does not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions). ICAEW members, ACA students and other entitled users can access the accompanied version via the Library.
IFRS 10 summary and timeline
Looking for the synopsis? Our IFRS 10 summary and timeline are now on a separate page, featuring information on current proposals and a timeline of IASB updates.
Which version of the standard?
Financial Reporting Faculty members who joined the faculty prior to 1 November 2022 have premium access to the consolidated edition of IFRS and amendments through the IASB's IFRS Standards Navigator service. Please log into IFRS Standards Navigator to access electronic versions of the standards. Or find out more about how to join the faculty.
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ICAEW guides and support
Interests in Other Entities
Financial Reporting Faculty, November 2022
This factsheet guides you through the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates.
Access to eBooks is only available to ICAEW members and ACA students – please log in to view these titles.
Consolidated financial statements
EY, International GAAP 2021 (2020)
The latest edition of this comprehensive guide offers a global perspective on complex technical accounting issues to help practitioners interpret and implement IFRS. It contains worked examples and illustrations from published financial reports of major listed companies from around the world. This chapter discusses IFRS 10, alongside a separate chapter on Consolidation procedures and non-controlling interests.
IFRS model accounts and disclosure checklists
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.
Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. Company Reporting analyses current IFRS disclosures from public companies, organised by industry sector. It also provides detailed monthly Common Practice reports on specific issues.
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.
International GAAP 2022: Generally Accepted Accounting Practice under IFRS
EY International Financial Reporting Group, 2022
Detailed guide on interpreting and implementing IFRS, with illustrative examples and extracts from financial statements. The manual is available online (free registration required) as part of EY Atlas Client Edition. Chapters and sections are searchable and downloadable in PDF format. The whole book is also downloadable in ePub format for offline access.
IFRS 10 – Consolidated Financial Statement
Regularly updated timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
Manuals and handbooks
The ICAEW Library stocks the latest IFRS handbooks and manuals. You can browse all our books on IFRS 10 and consolidated accounts or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at email@example.com
Insights into IFRS 2020–21
KPMG, Sweet and Maxwell, 2020
Manual providing practical guidance with an emphasis on the real-life application of IFRS, with examples based on actual questions that have arisen in practice around the world.
Wiley IFRS 2020: Interpretation and application of IFRS standards
PKF, Wiley, 2020
Reference manual providing full coverage of the latest standards and thorough guidance for implementation, featuring practical tools and insight from a practitioner's perspective.
Manual of accounting: IFRS supplement 2020
PwC, LexisNexis, 2019
Practical guidance on the standards and the accounting requirements of UK law applicable to UK users of IFRS.
Principles of group accounting under IFRS
Andreas Krimpmann, Wiley, 2015
This book gives practical guidance on managing the issues specific to international group accounting under IFRS 10, IFRS 11 and IFRS 12, illustrated with a step-by-step case study of a mid-size group.
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Get an opinion from the experts. Our experienced technical advisors can help you with your new UK GAAP questions and offer practical advice. Call the advisory helpline on +44 (0)1908 248 250.
Questions on IFRS 10 that we've dealt with recently include:
- Do I need to prepare consolidated financial statements for these entities?
- Am I eligible for an exemption in preparing consolidated financial statements?
- Regarding control of an entity achieved in stages, how to account at each stage and at what point do I prepare consolidated financial statements?
- How do I consolidate accounts for group entities with different year ends?
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