IFRS 12 Disclosure of interests in other entities
IFRS 12 Disclosure of Interests in Other Entities sets out the disclosure requirements for entities that have an interest in a subsidiary, a joint arrangement, an associate or an unconsolidated structured entity. The standard was published in May 2011 and is effective from 1 January 2013 or 1 January 2014 for EU preparers.
Unaccompanied version of IFRS 12
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.
This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.
IFRS 12 summary and timeline
Looking for the synopsis? Our IFRS 12 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 have unlimited online access to the consolidated edition of IFRS and amendments through the IASB's eIFRS service. Please log into eIFRS to access electronic versions of the standards. Or find out more about how to join the faculty.
Interests in Other Entities
Financial Reporting Faculty, 31 May 2017
Provides more detail on the ‘package of five’ standards: IFRS 10, IFRS 11, IFRS 12, IAS 27 (2011) and IAS 28 (2011).
These exclusive factsheets, produced annually by the Financial Reporting Faculty for its members, highlight all new and modified requirements for preparers of IFRS accounts. Each annual edition focuses primarily on new requirements with mandatory application for preparers with periods beginning on or after 1 January of that year.
2018 IFRS accounts
Financial Reporting Faculty, 6 August 2018
Getting to grips with the IASB’s new consolidation standards
Andy Simmonds, By All Accounts, January 2012
From the Financial Reporting Faculty's magazine, Andy Simmonds, Chairman of the Financial Reporting Faculty and Partner in Deloitte LLP, looks at some of the practical implications of the IASB’s ‘package of five’ new and revised standards. The views expressed are very much his own.
Financial Reporting Faculty, 18 July 2013
This webinar for Financial Reporting Faculty members focused on new and revised standards that are effective for 2013. There have been several significant changes, including major new standards on consolidated financial statements, joint arrangements, disclosure of interests in other entities (IFRS 12) and fair value measurement and a revised version of IAS 19 Employee Benefits.
Access to eBooks is only available to ICAEW members and ACA students – please log in to view these titles.
Disclosure of interests in other entities
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 12.
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.
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.
IFRS 12: Structured entities – considerations for fund managers
Guide from EY published in February 2014 covering disclosure requirements and how to assess if your funds are structured entities.
IFRS 12 for asset management
Guide from PwC highlighting disclosure requirements relating specifically to the asset management industry. Published in July 2014.
IFRS 12: Example disclosures for interests in unconsolidated structured entities
Guide from Ernst & Young, published in March 2013, with illustrative examples.
Manuals and handbooks
The ICAEW Library stocks the latest IFRS handbooks and manuals. You can browse all our books on IFRS 12 and associated companies or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at firstname.lastname@example.org
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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