IFRS Discussion Group Explain the Purpose of the IFRS Discussion Group

question 18

Essay

IFRS Discussion Group
Explain the purpose of the IFRS Discussion Group.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control or jointly control over those policies.

Voting Stock

Shares that give the shareholder voting rights in the corporation's decisions, typically in elections for the board of directors.

Convertible Bonds

Debt securities issued by a corporation that can be converted into a specified number of shares of the corporation's stock at the option of the bondholder, typically at certain times during the bond's life.

Equity Method

An accounting technique used to record an investor's proportional share of the investee company's income, expenses, and dividends received.