• Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 10/12/2013

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Equity method in separate financial statements (2013/21) 

This edition of In the Headlines looks at proposals to allow equity accounting in separate financial statements under IFRS.

An option proposed – accommodating the needs of some countries


In some countries, local laws or regulations require separate financial statements that apply equity accounting for investments in associates, joint ventures and subsidiaries.


However, IFRS does not currently permit this. In some cases, the use of the equity method is the only difference between separate financial statements prepared under IFRS and those under local regulations.