IFRS Alert
IASB publishes amendments to IFRS 11 Joint Arrangements
The International Accounting Standards Board (IASB) today published amendments to IFRS 11 Joint Arrangements.
IFRS 11 addresses the accounting for interests in joint ventures and joint operations. The amendments published today add new guidance on how to account for the acquisition of an interest in a joint operation that constitutes a business. The amendments specify the appropriate accounting treatment for such acquisitions.