Regulatory updates

Updates from the IASB

IASB proposes improvements to the equity method

The IASB has recently proposed amendments to the equity method of accounting. The amendments propose to provide clarifications to the following:

How does an investor or joint venturer initially measure the cost of an associate or joint venture?
Does an investor or joint venturer recognise gains or losses from the sale of a subsidiary to its associates or joint ventures?
How does an investor or joint venturer measure the purchase of an additional ownership interest or the disposal of a portion of its ownership interest?
Does an investor or joint venturer recognise separately its share of profit or loss and its share of other comprehensive income?

The IASB is currently inviting feedback on the proposed amendments, with the comment period open until 20 January 2025.

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