Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

My account — Professional

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

IFRS 12Disclosure of Interests in Other Entities

IFRS 12Chapter 4Lesson 1

Material joint arrangements and associates: nature, extent, financial effects

Step 1 of 6Learning objectives

Go deeper+1 point of attention

A joint venture or an associate appears on a single line of the balance sheet. IFRS 12 asks the entity to describe it and summarise its accounts, entity by entity, when it is material.

45 minNot started

Learning objectives

  • Explain that the entity reports the nature, extent and financial effects of its joint arrangements and associates.
  • Identify the information to provide for a material joint arrangement or associate.
  • Determine the content of the summarised information and the fact that it is given individually.
  • Justify why aggregating several material joint ventures is not allowed.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IFRS 12 — Disclosure of Interests in Other Entities

  1. 1 · Not startedObjective, scope and level of detail0 / 1 lesson
  2. 2 · Not startedSignificant judgements and assumptions0 / 1 lesson
  3. 3 · Not startedInterests in subsidiaries0 / 3 lessons
  4. 4 · Not startedInterests in joint arrangements and associates0 / 2 lessons
  5. 5 · Not startedUnconsolidated structured entities0 / 1 lesson
  6. 6 · Not startedInvestment entities0 / 1 lesson
  7. 7 · Not startedLinks with other standards and post-implementation review0 / 1 lesson