Which consolidation concept mainly underlies the approach adopted in AASB 10?
A) proprietary concept
B) accrual concept
C) entity concept
D) parent-entity concept

Name: Which consolidation concept mainly underlies the approach adopted in AASB 10? A) proprietary concept B) accrual concept C) entity concept D) parent-entity concept
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Question

Quizplus · Accepted Answer

AASB 10 is based on the entity concept, which focuses on the group as a single economic entity, rather than just the parent company.

Which Consolidation Concept Mainly Underlies the Approach Adopted in AASB