Disclosure Requirements for Separate Financial Statements: What's Not Needed When Not Preparing Consolidated Statements

separate financial statements disclosure requirements parent company investment accounting subsidiaries associates jointly controlled entities

Which of the following is not a disclosure requirement in separate financial statements prepared by a parent that elects not to prepare consolidated financial statements? a. The fact that the financial statements are separate financial statements B. A description of the method used to account for these investments C. The date each investment was acquired, regardless of materiality D. A list of significant investments in subsidiaries, associates and jointly controlled entities

In separate financial statements, the following is required:

A. The fact that the financial statements are separate financial statements B. A description of the method used to account for these investments

Items C and D, regarding the date of acquisition and a list of significant investments, are typically disclosed in the context of separate financial statements when a parent entity elects not to prepare consolidated financial statements.

Therefore, the answer that is not a disclosure requirement in separate financial statements in this context is:

C. The date each investment was acquired, regardless of materiality

This information may be relevant for consolidation purposes but is not typically disclosed in separate financial statements if the parent company elects not to consolidate.

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