Lidi uses IFRS, has a financial relationship with Zeta, but does not own any of its voting stock. When should Lidi consolidate Zeta's accounts with its own in its annual report?

Question

Quizplus · Accepted Answer

Under IFRS, the key criterion for consolidation is control. Lidi should consolidate Zeta's accounts with its own when it controls Zeta, regardless of the ownership of voting stock. Control can be achieved through various means, not just stock ownership.

Lidi Uses IFRS, Has a Financial Relationship with Zeta, but Does