CONSOLIDATED FINANCIAL STATEMENTS IFRS 10

+ 

The consolidate financial statements are very importants because:

• This documents has power because It has differents characteristics: current ability to direct, relevant activities and affect returns.
• Variable returns: control of companies
• Replaces IAS 2
• History: 2001: IAS 27: Consolidated Financial Statements and Accounting  for investments in subsidiares.
• 2003: Consolidate and separte Financial Statements
• 2011: Separate financial Statements and consolidate IFRS 10

OBJETIVES

• Establish principies for the presentations and preparations
• Consolidated financial statements
• Control in the companies
• IFRS 10 replaces IAS 27
•