The      Accounting Advisory Services (AAS) team at BDO India is pleased to share 'THE STANDARD STANCE' - An expert insight into key accounting matters. Each monthly issue of the publication spotlights and discusses a key accounting matter noteworthy for organisations to stay ahead in their business journeys.
 
This issue of THE STANDARD STANCE, DECODING ‘CONTROL’ FOR CONSOLIDATED FINANCIAL STATEMENTS, analyses the concept of ‘control’ under Ind AS 110.
 
The objective of Ind AS 110 is to establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more entities. Implementing Ind AS 110 can pose challenges, especially for conglomerates with complex organisational structures and diverse business operations. In this publication, we delve into the intricacies of Ind AS 110, exploring the concept of ‘control’ and the challenges associated with its implementation.
  
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