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

On consolidating an SPE, the implied consideration differs from the identifiable net assets received. How does the treatment of the difference depend on whether the SPE is a business?

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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?

A party has rights to the net assets of a joint venture. Which method does IFRS require, and which once-permitted method is now prohibited?

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