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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › JOINTLY CONTROLLED OPERATIONS
Sir, do you have any idea what this is and which IFRS covers it and how to account it. Is it like Associate or Sub?
Joint Venture is sth to be accounted as equity method.
Joint Operations is sth to be prepared a separate Financial Statements in a note, and presenting the parent share of the items in its financial statements, right.
Those covering this topic is IFRS 11, right.
IFRS 11 is correct