IFRS 11Chapter 4Lesson 2
Transactions with the joint operation and acquisition of interests
Step 1 of 7Learning objectives
Go deeper+2 deeper insights · +1 point of attention
The gain on the sale of an asset to the joint operation is limited to the other parties' share; acquiring an interest in a joint operation that is a business follows the principles of IFRS 3.
40 minNot started
Learning objectives
- Calculate the gain recognised by a joint operator on the sale of an asset to the joint operation, limited to the other parties' share.
- Record the sale of an asset by the operator to its joint operation with a partial gain.
- Analyse whether the joint operation acquired constitutes a business and which IFRS 3 principles apply.
- Distinguish obtaining joint control (previously held interests not remeasured) from obtaining control (remeasurement under IFRS 3).