
IAS: IAS means International Accounting Standards which provides framework for presentation of various types of accounting transactions and the related events in the financial statements.
IAS 27: It lays down guidelines for all aspects of consolation of entries and related disclosures.
IAS 28: Investments in Associates describe the accounting for investments in associates. An associate is a business entity over which the investor has got significant influence, has the power to participate in the financial and operating policy decisions of the investee company. It does not have full control but has the joint control over the investee company.
IAS 39: It lays guidelines on all aspects of financial assets and liabilities.
IFRS 9: IFRS is a standard for reporting the financial data of the organization encouraged by the International Accounting Standards Board (IASB). It lays down guidelines on all aspects relating to the accounting for financial instruments. It focuses on Hedge Accounting, Classification and Measurement and Impairment of Financial instruments.
To determine the authoritative IFRS be found related to investments.

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Chapter 17 Solutions
Intermediate Accounting, 17th Edition
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