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AASB 10/IFRS 10
An Australian/international financial reporting standard that establishes principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
Consolidated Financial Statements
Financial statements that show the financial position and results of operations for a parent company and its subsidiaries as one economic entity.
Elements of Control
Factors or conditions that grant an entity the power to govern the financial and operating policies of another entity, typically to benefit from its activities.
Relevant Activities
Activities that significantly affect the returns of an investment or project under consideration.
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