IFRS 11Chapter 3Lesson 2
With a separate vehicle: legal form and terms of the arrangement
Step 1 of 6Learning objectives
Go deeper+1 point of attention
When a separate vehicle exists, classification is assessed through the legal form, the terms of the contractual arrangement and, where relevant, other facts and circumstances; legal form is not sufficient on its own.
35 minNot started
Learning objectives
- Explain the framework for a separate vehicle: legal form, terms of the arrangement, other facts and circumstances.
- Analyse whether the legal form gives the parties rights to net assets or leaves rights to assets and obligations for liabilities.
- Analyse how the terms of the arrangement change or confirm the rights suggested by legal form, and justify a classification.