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ED IFRS 11

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › ED IFRS 11

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  • June 4, 2019 at 8:00 pm #518943
    hangyin928
    Member
    • Topics: 1
    • Replies: 5
    • ☆

    Hi, Tutor

    Could you please let me know ED IFRS11 SAID

    just remeasure joint operation asset and liability to FV and follow the step acquisition as done for associate.

    is it mean if 5% joint operator at the beginning , then acquired another 55% joint control, then they are jointing operation.

    the calculation is only 60% of FV of asset and liability?

    Thanks.

    June 5, 2019 at 7:42 pm #519216
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7041
    • ☆☆☆☆☆

    Hi,

    It is saying that once you have a joint venture you account for it as you would with the change to an associate.

    Thanks

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