Associate: Difference between revisions
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* [[Associative]] | * [[Associative]] | ||
* [[Equity accounting]] | * [[Equity accounting]] | ||
* [[Financial reporting]] | |||
* [[FRS 102]] | * [[FRS 102]] | ||
* [[Investment]] | * [[Investment]] | ||
Revision as of 21:59, 14 October 2020
1. Financial reporting.
For financial reporting purposes, an investment is normally classed and accounted for as an associate (or associated undertaking) when:
(i) the investor exercises significant influence over the operating and financial policies of the other entity, which is normally through holdings of over 20%, but less than 50%; and
(ii) that other entity is not a subsidiary undertaking and the investment does not constitute an interest in a joint venture.
Relevant accounting standards include Section 14 and Section 15 of FRS 102.
2. Membership organisations.
A category of membership that is less than full membership.
