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An entity with joint control of an investee shall account for its investment in a joint venture using the equity method except when that investment qualifies for exemption in IAS 28.

The exemptions include: ...continue reading "Investments in Joint Ventures – Overview"

Investments in Joint ventures describes:

  1. accounting for joint ventures in consolidated financial statements, and
  2. in the financial statements of an investor that is not a parent but that has a venturer’s interest in one or more joint ventures.

Accounting policy election in Separate financial statements establishes the requirements for accounting for a venturer’s interest in a joint venture in separate financial statements. ...continue reading "Investments in Joint Ventures"

Investments in Associates describes:

  1. the accounting for associates in consolidated financial statements, and
  2. in the financial statements of an investor that is not a parent but that has an investment in one or more associates.

Accounting policy election in Separate financial statements establishes the requirements for accounting for associates in separate financial statements. ...continue reading "Investments in Associates"

Consolidated financial statements provide information about the assets, liabilities, equity, income and expenses of both the parent and its subsidiaries as a single reporting entity.

That information is useful for existing and potential investors, lenders and other creditors of the parent in their assessment of the prospects for future net cash inflows to the parent. This is because net cash inflows to the parent include distributions to the parent from its subsidiaries, and those distributions depend on net cash inflows to the subsidiaries.

...continue reading "Consolidated or unconsolidated financial statements"