Section 3051 — Investments

December 01, 2016

Section 3051 applies to:

  • Investments subject to significant influence;
  • Subsidiaries accounted for using the equity method in accordance with Section 1591;
  • Interests in jointly controlled enterprises accounted for using the cost or equity method in accordance with Section 3056; and
  • The measurement and disclosure of certain other non-financial instrument investments (such as works of art and other tangible assets held for investment purposes).

Except as specified by paragraph 3051.02, this Section does not apply to:

  • Subsidiaries or interest in joint arrangements.
  • Financial instruments within the scope of Section 3856, Financial Instruments.
  • Investments held by investment companies (see AcG-18, Investment Companies).
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