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IFRS 11, IAS 28

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 11, IAS 28

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by AvatarStephen Widberg.
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  • April 17, 2021 at 3:48 pm #618033
    AvatarNoah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir what are some specific differences between joint operations and joint ventures? I mean i understand that the former’s presentation is vastly different from latter, and that a separate entity is created in case of Joint venture. But am sure there is more to JO and JV than what meets my eye.

    Perhaps that JV has limited liability, whereas JO has unlimited liability? Let me know sir if this is correct or not. And if you can think of any more functional and/or operating differences than what are merely mentioned in some recognised study texts.

    April 18, 2021 at 12:11 pm #618092
    AvatarStephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3449
    • ☆☆☆☆☆

    JO = unincorporated
    JV = a company

    That’s all you need for the exam

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