What is an associate entity

Reference no: EM132893755

Question:

1. What is an associate entity?

2. Why are associates distinguished from other investments held by the investor?

3. Discuss the similarities and differences between the criteria used to identify subsidiaries and those used to identify associates.

4. What is meant by ‘significant influence'?

5. What is a joint venture?

7. What is meant by joint control?

8. How does joint control differ from control as applied on consolidation?

9. Discuss the relative merits of accounting for investments by the cost method, the fair value method and the equity method.

10. Compare the accounting for the effects of inter-entity transactions for transactions between parent entities and subsidiaries and between investors and associates/joint ventures.

11. Explain the differences in application of the equity method of accounting where the method is applied in the records of the investor compared with the application in the con- solidation worksheet of the investor.

12. Explain the treatment of dividends from the associate under the equity method of accounting.

Reference no: EM132893755

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