IAS 31

IAS 31
INTERESTS IN JOINT VENTURES
1/23/2010
1
IAS 31 Interests in Joint Ventures

IAS 31 Overview
Venturer FS
Control
JV
Contractual arrangement
Joint control
Consolidated FS
Separate FS
Operations Assets
Entities
Equity Method
Investment at cost
Proportional Consolidation
1/23/2010
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Where do transactions arise?
Jointly controlled entities
Jointly controlled operations & assets
Separate entity FS
Investor Financial Statements
Consolidated Financial Statements
1/23/2010
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How are entity results consolidated?
Proportionate consolidation
Equity Method
IAS 28
Show investment at cost
Adjust for post acquisition profits and losses
Combine transactions line by line
Show JV transactions separately line by line
1/23/2010
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Examples
1/23/2010
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IAS 31

by Lynnix (UK) Limited on Jan 23, 2010

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IAS 31 — Presentation Transcript