The Evolution of Equity Theories in Individual and Consolidated Financial Statements

Abstract

In the article features of the basic theories of the capital within the framework of the concept of the owner and the concept of the enterprise are given. Th e article considers proposals of the Council on IFRS to change the classifi cation of issued financial instruments for equity and debt (narrow approach to capital and strict approach to liabilities). Fragments of diff erent theories of capital that are present in IFRS have been identifi ed.