IAS 28Chapter 1Lesson 1
Where IAS 28 applies: associates, joint ventures and the equity method
Step 1 of 6Learning objectives
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IAS 28 deals with investments in associates (significant influence) and joint ventures (joint control): they are accounted for by the equity method, subject to exemptions, and an investment held for sale falls under IFRS 5.
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Learning objectives
- Distinguish an associate, a subsidiary and a joint venture.
- Explain what the equity method is and when it does not apply.
- Place the pointer to IFRS 5 for an investment held for sale.