The exemptions include:… Continue reading
Investments in Joint ventures describes:
- accounting for joint ventures in consolidated financial statements, and
- 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 Associates describes:
- the accounting for associates in consolidated financial statements, and
- in the financial statements of an investor that is not a parent but that has an investment in one or more associates.
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 … Continue reading