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

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?

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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?

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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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