IFRS 12 - DISCLOSURE OF INTEREST IN OTHERS ENTITIES

IFRS 12 - DISCLOSURE OF INTEREST IN OTHER ENTITIES

This standard is important because It is replaces old IAS 27, 28 and 31 disclosure requirements.

The objetive of this Standard is to require an entity to disclose information that enables users or it is financial statements to evaluate:

1. The nature or, and risks associated with it is interest in other entities
2. The effects of those interest on this finacial position financial performance and cash flows.

This standard is important in the next companies:

• Subsidiaries
• Joint Ventures
• Associates
• Unconsolidated Structures Entities 

DEFINITIION:

CASH FLOW: Representing the operating activites of an organization