1. Accounting, Auditing, Actuarial
  2. IFRS Foundation & IASB
  3. International Financial Reporting Standards (IFRSs)
  4. 2020
Date-stamp loading
  1. IFRS 11: Joint Arrangements
  2. IFRS 11: Basis for Conclusions
  3. Financial statements of parties to a joint arrangement (paras. BC38-BC51)
  4. Transactions between an entity and a joint operation in which that entity is a joint operator and incorporation of SIC‑13 into the IFRS (paras. BC46-BC47)
Previous Next
Version date: 26 February 2020 - onwards
    Version 1 of 1    

Transactions between an entity and a joint operation in which that entity is a joint operator and incorporation of SIC‑13 into the IFRS (paras. BC46-BC47)

BC46 In its redeliberation of ED 9, the Board noted that the exposure draft was silent on the accounting for transactions between an entity and a joint operation in which that entity is a joint operator. The Board observed that the IFRS did not aim to change the accounting procedures that entities applied when accounting for such transactions in accordance with IAS 31, but it did acknowledge that the IFRS should state what those requirements were.

BC47 The Board also decided to include the requirements for the accounting for transactions entered into between a joint venturer and a joint venture, including the consensus of SIC‑13 Jointly Controlled Entities - Non-Monetary Contributions by Venturers, in IAS 28 (as amended in 2011).

Comparing proposed amendment...
Previous Next