CERTYNEX IFRS ACADEMY

Which statements about how topics are divided between IFRS 11, IAS 28 and IFRS 12 for a joint arrangement are correct? More than one answer is possible.

The equity method and the carrying amount of the joint venture fall under IAS 28.

IFRS 12 chooses the measurement method for the joint venture between the equity method and fair value, for all entities.

The information to provide on the judgements and on joint ventures falls under IFRS 12.

The type of joint arrangement and joint control fall under IFRS 11.

The classification of a joint arrangement as a joint operation or a joint venture is set by IFRS 12, in light of the information provided.