IAS 28 Investments in Associates and Joint Ventures Flashcards
1
Q
- define ASS and JV
- %
- accouting (2)
A
- Associate is able to exert significant influence but not control
- JV must have unanimous decisions making and share of net assets from JV
- Indicated by 20%-50% control
- share of profit after tax in P/L (or RE)
