IFRS 11Chapter 1Lesson 1
The joint arrangement: an agreement with shared control
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IFRS 11 deals with arrangements over which two or more parties have joint control: the contractual arrangement, the sharing of control and the two types of joint arrangements.
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Learning objectives
- Explain what a joint arrangement is and the role of the contractual arrangement in sharing control.
- Identify, from the facts of a case, whether an arrangement is a joint arrangement.
- Place the two types of joint arrangements and their parties: joint operation, joint venture, joint operator, joint venturer.