Advanced Accounting (Canada) · Special-Purpose Entities & Joint Arrangements

A structured entity's only assets are receivables. Which single activity determines who controls it, and why does voting share count not matter?

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More in Special-Purpose Entities & Joint Arrangements

A venturer contributes a non-monetary asset worth more than its carrying amount to a joint venture in exchange for an interest. Which portion of the gain is recognized in profit or loss, and which is not?

A sponsor owns no voting shares of an SPE but directs its activities and absorbs its variable returns. Under IFRS 10, does the sponsor consolidate it, and what is the giveaway that voting share count is the wrong test?

Why were SPEs historically kept off the sponsor's consolidated balance sheet, and what changed?

A party has rights to the assets and obligations for the liabilities of an arrangement. How does it account for its interest, and how does the balance sheet differ from the equity method?

Under IFRS 11, what single feature separates a joint operation from a joint venture, and why can a separate legal vehicle still be a joint operation?

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