IFRS 11Chapter 5Lesson 1
The joint venture: equity method under IAS 28 and the party without joint control
Step 1 of 7Learning objectives
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A joint venturer accounts for its interest as an investment under the equity method of IAS 28; a party without joint control applies IFRS 9, or IAS 28 if it has significant influence.
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Learning objectives
- Explain that a joint venturer accounts for its interest as an investment under the equity method of IAS 28.
- Calculate the carrying amount of a joint venture after the share of profit, of other comprehensive income and of dividends, and record the entries.
- Identify the IAS 28 rules that apply to a joint venture.
- Determine the standard applicable to the interest of a party without joint control in a joint venture.