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Applying IFRS 12 Example disclosures for interests in unconsolidated structured entities March 2013Contents Introduction1IFRS 12 disclosure requirements for unconsolidated structured entities11. What

How to fill out ifrs 12 example disclosures

Who needs ifrs 12 example disclosures?

1. Publicly traded companies: Publicly traded companies that are required to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) need to include ifrs 12 example disclosures in their financial statements. This is to ensure that they provide transparent and comprehensive information about their interests in other entities.
2. Entities with significant interests in other entities: Entities that have significant interests in other entities, such as subsidiaries, associates, or joint arrangements, also need to provide ifrs 12 example disclosures. These disclosures help stakeholders understand the nature and extent of an entity's investments in other entities, including the risks and rewards associated with these interests.
3. Entities involved in complex business arrangements: Entities involved in complex business arrangements, such as partnerships or structured entities, also require ifrs 12 example disclosures. These disclosures provide insights into the structure, activities, and risks of these arrangements, ensuring transparency and accountability in financial reporting.

How to fill out ifrs 12 example disclosures:

1. Understand the scope and objectives of ifrs 12: Familiarize yourself with the standard's requirements and objectives. This will help you comprehend what information needs to be disclosed and why.
2. Identify the different types of interests held: Determine the types of interests your entity holds in other entities, such as subsidiaries, associates, joint ventures, or structured entities. This will ensure that you provide the appropriate disclosures for each type of interest.
3. Gather relevant information: Collect all relevant information about your interests in other entities. This may include financial statements, management reports, agreements, and any other supporting documentation.
4. Prepare the necessary disclosures: Based on the information gathered, prepare the ifrs 12 example disclosures required for each type of interest. These may include information about the entity's involvement in decision-making, the level of ownership or influence held, and any significant risks and rewards associated with the interest.
5. Ensure consistency and accuracy: Review the disclosures to ensure they are consistent with the information gathered and accurately represent the entity's interests in other entities. Cross-reference the disclosures with the relevant accounting policies and disclosures included in other sections of the financial statements.
6. Include the disclosures in the financial statements: Incorporate the ifrs 12 example disclosures into the appropriate sections of the financial statements, such as the notes to the financial statements or the disclosures related to investments and other interests.
7. Periodically review and update the disclosures: Regularly review and update the ifrs 12 example disclosures to reflect any changes in the entity's interests in other entities or any amendments to the standard. This will help ensure that the disclosures remain relevant and provide stakeholders with up-to-date information.

Remember, it is important to consult with a qualified financial professional or accounting expert to ensure compliance with ifrs 12 and the specific requirements for your entity.

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What is ifrs 12 example disclosures?

IFRS 12 example disclosures provide information about an entity's interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities.

Who is required to file ifrs 12 example disclosures?

Entities that are required to prepare financial statements in accordance with IFRS are required to file IFRS 12 example disclosures.

How to fill out ifrs 12 example disclosures?

IFRS 12 example disclosures should be filled out by providing detailed information on an entity's interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities.

What is the purpose of ifrs 12 example disclosures?

The purpose of IFRS 12 example disclosures is to provide users of financial statements with information about an entity's interests in other entities that may not be readily apparent from the financial statements.

What information must be reported on ifrs 12 example disclosures?

IFRS 12 example disclosures must include information about an entity's interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities, including the nature and extent of those interests.