ED IFRS 11

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 7235
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
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.