Ind AS 110 establishes principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities. The standard defines the principles of control and how to apply the same and explains the accounting requirements for preparing consolidated financial statements. The Educational Material on Ind AS 110, Consolidated Financial Statements addresses all relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard.

Subsequent to the issuance of this Educational Material on January 10, 2019, an Appendix has been added containing the issues addressed in ITFG Clarification Bulletins. Further a few editorial/clarificatory changes have been made on the basis of suggestions received in this behalf.

Relevant link to download the Educational Material: https://resource.cdn.icai.org/53621asb43065.pdf