This course is comprised of three articles IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, and IAS 28 Investments in Associates and Joint Ventures all with an expected effective date of fiscal periods beginning on or after January 1, 2013.

For other IFRS and IAS articles and courses please go to Selected IFRS Standards Series

The objective of IFRS 11 Joint Arrangements is to establish principles for financial reporting by entities that have an interest in arrangements that are controlled jointly (that is, joint arrangements).

IFRS 12 Disclosure of Interests in Other Entities mandates disclosures such that users of financial statements can evaluate the nature of, and risks associated with, an entity’s interests in other entities, and the effects of those interests on its financial position, financial performance, and cash flows.

IAS 28 Investments in Associates and Joint Ventures prescribes the accounting for investments in associates and to set out the requirements for the application of the equity method when accounting for investments in associates and joint ventures. IAS 28 applies to all entities that are investors with joint control of, or significant influence over, an investee (that is, an associate or joint venture).

Article 1: International Financial Reporting Standard 11, Joint Arrangements

Article 2: International Financial Reporting Standard 12, Disclosure of Interests in Other Entities

Article 3: International Accounting Standard 28, Investments in Associates and Joint Ventures

Quiz

Appendices