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IASB publishes amendments to IFRS 11 Joint Arrangements

 06 May 2014

Accounting for Acquisitions of Interests in Joint Operations

The International Accounting Standards Board (IASB) today published amendments to IFRS 11 Joint Arrangements.

IFRS 11 addresses the accounting for interests in joint ventures and joint operations.  The amendments published today add new guidance on how to account for the acquisition of an interest in a joint operation that constitutes a business. The amendments specify the appropriate accounting treatment for such acquisitions.

The issue originated from a submission to the IFRS Interpretations Committee. As a result the Interpretations Committee recommended that the IASB should amend IFRS 11.

Subscribers to eIFRS can download Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11) from eIFRS.




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