The disclosure requirements in consolidated financial statements are included in the following accounting standards:
A) AASB 10/IFRS 10 Consolidated Financial Statements.
B) AASB 12/IFRS 12 Disclosure of Interests in Other Entities.
C) AASB 127/IAS 127 Separate Financial Statements.
D) AASB 10/IFRS 10 Consolidated Financial Statements and AASB 12/IFRS 12 Disclosure of Interests in Other Entities.

Question

Quizplus · Accepted Answer

AASB 12/IFRS 12 specifically addresses the disclosure requirements for interests in other entities, including subsidiaries, joint arrangements, associates, and unconsolidated structured entities, which are relevant for consolidated financial statements.

The Disclosure Requirements in Consolidated Financial Statements Are Included in the Following