IFRS 11 — Joint Arrangements
Modules of the standard
- Concepts29 publishedNormative and pedagogical mapping.
- Questions53 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers3 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)11 publishedLesson explanations, chapter by chapter.
Practical cases
- Joint arrangement without a separate vehicle: joint control, unanimity, classification as a joint operation and party without joint controlL1Beginner
- Joint arrangement with a separate vehicle: voting pattern, legal form, contractual terms, other facts and circumstances and the 2015 Committee decisionL2Intermediate
- Joint operator: share of assets, liabilities, revenues and expenses, sale of output, lease liability and party without joint controlL3Advanced
- Joint venture: equity method under IAS 28, share of profit and loss, dividends, party without joint control and IFRS 12 disclosuresL3Advanced
- Transactions with the joint operation, acquisition of an interest in a joint operation that is a business, separate financial statements and classification of similar arrangementsL4Expert
- Joint arrangement file: joint control, classification, accounting of the joint operator or joint venturer and separate financial statements (IFRS 11)L4Expert
Workpapers
- Classification of a joint arrangement: joint control, separate vehicle, legal form, contractual terms and other facts and circumstances
- Accounting of the joint operator: share of assets, liabilities, revenues and expenses, transactions with the joint operation, acquisition of an interest and separate financial statements
- Joint venturer and party without joint control: equity-method carrying amount, significant influence and separate financial statements
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Joint arrangements and their definitions
- The joint arrangement: an agreement with shared controlCore3 questions
Joint control
- Joint control and unanimous consentCore3 questions
- Collective control first, unanimity secondCore3 questions
- Parties without joint controlImportant2 questions
- Decision rules and voting patternsAdvanced2 questions
Classification: joint operation or joint venture
- Classification by rights and obligationsCore3 questions
- No separate vehicle: a joint operationCore3 questions
- With a separate vehicle: three elements of analysisCore3 questions
- The legal form of the vehicleImportant2 questions
- The terms of the contractual arrangementImportant2 questions
- Other facts and circumstancesImportantNo question
- Committee decision of 2015: enforceable rights and obligationsAdvanced1 question
- Committee decision of 2015: arrangements with similar featuresSpecialisedNo question
Accounting for joint operations
- What the joint operator recognisesCore3 questions
- The standard applicable to each itemCore3 questions
- Party without joint control in a joint operationImportant2 questions
- Transactions with the joint operation: limited gainImportant2 questions
- Acquiring an interest in a joint operationAdvanced1 question
- Previously held interestsSpecialised1 question
- Decision of 2019: liabilities for which the operator is primarily liableAdvanced1 question
- Decision of 2019: sale of outputAdvanced1 question
Joint ventures and parties without joint control
- The joint venture: the equity methodCore3 questions
- Party without joint control in a joint ventureImportant2 questions
Separate financial statements
- Separate statements: the interest in a joint operationImportant2 questions
- Separate statements: the interest in a joint ventureAdvanced1 question
Links with other standards and decisions
- Link with IFRS 10: loss of control and the 2016 decisionSpecialised1 question
- Link with IAS 28: equity accounting of the joint ventureAdvanced1 question
- Link with IFRS 12: disclosuresSpecialised1 question
- The post-implementation review of 2022Specialised1 question