Control is defined within AASB 10 Consolidated Financial Statements as the ability to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Question

Quizplus · Accepted Answer

AASB 10 defines control as having power over the investee, exposure or rights to variable returns from involvement with the investee, and the ability to use power to affect those returns.

Control Is Defined Within AASB 10 Consolidated Financial Statements as the Ability