tailieunhanh - SIC Interpretation 12: Consolidation - Special purpose entities

SIC Interpretation 12: Consolidation - Special purpose entities. This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-12 Consolidation - Special purpose entities was developed by the Standing Interpretations Committee and issued in December 1998. | SIC-12 SIC Interpretation 12 Consolidation—Special Purpose Entities This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-12 Consolidation—Special Purpose Entities was developed by the Standing Interpretations Committee and issued in December 1998. In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. Since then, SIC-12 and its accompanying documents have been amended by the following IFRSs: • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003) • IAS 27 Consolidated and Separate Financial Statements (issued December 2003) • IFRIC Amendment to SIC-12 Scope of SIC-12 Consolidation—Special Purpose Entities (issued November 2004). The following Interpretation refers to SIC-12: • IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds (issued December 2004). © IASCF 2687 SIC-12 SIC Interpretation 12 Consolidation—Special Purpose Entities (SIC-12) is set out in paragraphs 8–10. SIC-12 is accompanied by a Basis for Conclusions and an appendix illustrating the application of the Interpretation. The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards. 2688 © IASCF SIC-12 SIC Interpretation 12 Consolidation—Special Purpose Entities References • IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors • IAS 19 Employee Benefits • IAS 27 Consolidated and Separate Financial Statements • IAS 32 Financial Instruments: Presentation • IFRS 2 Share-based Payment Issue 1 An entity may be created to accomplish a narrow and well-defined objective (eg to effect a lease, research and development activities or a securitisation of financial assets). Such a special purpose