Separate financial statements
You'll learn how to account for joint operations and joint ventures in separate financial statements under IFRS standards.
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In this lesson
- 0:00 Separate financial statements overview
- 0:04 Joint operator and venture accounting
- 0:21 Accounting for non-controlling interests
- 0:35 Financial instruments classification
About this lesson
This covers the key distinction: joint operators and participants with joint control follow IAS 27 treatment (like associates), while those without joint control are treated as financial instruments under IFRS 9. Understanding this classification is essential for SBR and FR papers, where consolidation and investment accounting frequently appear in exam scenarios.
Duration: 1m
Transcript
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