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Dear Mike,
I’d like to ask you the correct accounting treatment, within Group F.S., as far as joint ventures are concerned.
As per my understanding proportional method doesn’t apply any longer : it should be equity-accounted by joint venture parties (according to IFRS11) i.e. as if it were an associate, is it correct ?
Thanks
Marvin
I think I found the link when you explained it in the recent past.. yes, equity-accounting should be the only method allowed
thanks
https://opentuition.com/acca/p2/ias-28-associate-companies-and-joint-ventures-example-1/
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