IAS 28Chapter 8Lesson 1
At the edges of IAS 28: IFRS 11, IAS 36, IFRS 9, IFRS 10, IFRS 12 and the 2024 proposal
Step 1 of 5Learning objectives
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IAS 28 fits together with other standards: IFRS 11 (joint ventures), IAS 36 (impairment test), IFRS 9 (long-term interests and retained interest), IFRS 10 (loss of control), IFRS 12 (disclosure); the 2024 exposure draft is a proposal.
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Learning objectives
- Distinguish the treatment of a joint venture (equity method) from that of a party without joint control.
- Place the pointers to IAS 36, IFRS 9, IFRS 10 and IFRS 12 without teaching their criteria.
- Explain that the 2024 exposure draft is a proposal and not a rule in force.