Question 1

What is ‘fair value’ under AASB13 and why is it relevant to consolidation accounting?

Question 2

Compare and contrast between ‘control’ and ‘significant influence’ and the implications of establishing either.

Question 3

What are the main characteristics of a joint arrangement? Compare and contrast between a joint venture and a joint operation.

Question 4

Enumerate the ‘exceptions’ to the guidelines to determine that an operating segment is a reportable in accordance with AASB8.