The document is a chapter about joint arrangements from an accountancy textbook. It discusses the different types of joint arrangements including joint operations and joint ventures. Key characteristics of joint operations and joint ventures are described such as jointly controlled assets and proportional consolidation of financial statements for joint ventures. The accounting treatment for both joint operations and joint ventures is also summarized.
The document is a chapter about joint arrangements from an accountancy textbook. It discusses the different types of joint arrangements including joint operations and joint ventures. Key characteristics of joint operations and joint ventures are described such as jointly controlled assets and proportional consolidation of financial statements for joint ventures. The accounting treatment for both joint operations and joint ventures is also summarized.
The document is a chapter about joint arrangements from an accountancy textbook. It discusses the different types of joint arrangements including joint operations and joint ventures. Key characteristics of joint operations and joint ventures are described such as jointly controlled assets and proportional consolidation of financial statements for joint ventures. The accounting treatment for both joint operations and joint ventures is also summarized.