Ind AS 27, Separate Financial Statements (all you need to know about)

Ind AS 27, Different Financial Statements: The goal of Ind AS 27 is to recommend the accounting and disclosure requirements for financial investments in subsidiaries, joint endeavors and partners when an entity prepares different monetary declarations. The Requirement will be used in accounting for financial investments in subsidiaries, joint endeavors and partners when an entity chooses, or is needed by law, to present different monetary declarations.

Different monetary declarations are those provided by a moms and dad (i.e., a financier with control of a subsidiary) or a financier with joint control of, or considerable impact over, an investee, in which the financial investments are represented at expense or in accordance with Ind AS 109, Financial Instruments.

When an entity prepares different monetary declarations, it will represent financial investments in subsidiaries, joint endeavors and partners either:

at expense, or
in accordance with Ind AS 109, Financial Instruments.

The entity will use the very same accounting for each classification of financial investments. Investments represented at expense will be represented in accordance with Ind AS 105, Non-current Properties Held for Sale and Discontinued Operations, when they are categorized as held for sale (or consisted of in a disposal group that is categorized as held for sale). The measurement of financial investments accounted for in accordance with Ind AS 109 is not altered in such scenarios.

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