Management and Organizational Studies 4465A/B Chapter Notes - Chapter 3: Book Value, Issued Shares, Income Statement

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 4465A/B
• Professor: Stacey Hann

Document Summary

Power : an investor will have power over an investee when the investor has rights giving it the ability to control activities. Investor has the ability to use its power to affect his or her returns from its involvement: note: they have the ability, but they do not have to exercise their power. ** all business combinations should be accounted for by applying the acquisition method. Accounting for acquisition-related costs: to record the cost of issuing shares. Cr cash or ap: to record the cost of professional fees. Identifiable asset examples: loyalty programs (e. g. shoppers optimum loyalty program), company brands (shoppers life brand) Identifiable assets are those that would not be recorded on the balance sheet. If the parent meets these conditions, it can (but is not required to) present separate financial statements in accordance with ifrs as its only financial statements to external users.