IAS 24 Related Party Disclosure Questions and Answers help companies to properly show RPT transaction that are materials specifically. If one party has direct or indirect control over other entity or if entities are under common control or if one…
Join venture is a contract between more than one parties to carry on an economic operation or activity which is under the control of all the parties jointly. A joint venture (JV) can take several forms in practice, but there…
In order to qualify the entity as a subsidiary, the required percentage of shareholding is more than 50{1bb28fb76c3d282be6cfd0391ccf1d9529baae691cd895e2d45215811b51644c}. However, there is no hard and fast rule as there are some other conditions which could lead you to consider an entity…
Associates are the companies over which the other company has significant influence in such a way that it does not hold more than 50 percent shares. By significant influences we mean the power or right to participate in the operating and…