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  • Afar-14 Notes - Smes - Investments in Joint Ventures

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    Vincent Luigil Alcera
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    This document discusses accounting for investments in joint ventures. It mentions that PAS 31 provides the outdated framework for joint ventures. The key points are that a joint venture (JCE) uses the equity method, where the investor's share of the joint venture's net income is recorded in its income statement and increases the carrying amount of the investment. It also notes problems can arise in determining whether gains or losses occur before or after acquisition for entities involved in a joint venture. The document expresses pride in recently finishing two lecture videos per day.

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    AFAR-14 NOTES_SMES - INVESTMENTS IN JOINT VENTURES

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    This document discusses accounting for investments in joint ventures. It mentions that PAS 31 provides the outdated framework for joint ventures. The key points are that a joint venture (JCE) uses the equity method, where the investor's share of the joint venture's net income is recorded in its income statement and increases the carrying amount of the investment. It also notes problems can arise in determining whether gains or losses occur before or after acquisition for entities involved in a joint venture. The document expresses pride in recently finishing two lecture videos per day.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views1 page

    Afar-14 Notes - Smes - Investments in Joint Ventures

    Uploaded by

    Vincent Luigil Alcera
    This document discusses accounting for investments in joint ventures. It mentions that PAS 31 provides the outdated framework for joint ventures. The key points are that a joint venture (JCE) uses the equity method, where the investor's share of the joint venture's net income is recorded in its income statement and increases the carrying amount of the investment. It also notes problems can arise in determining whether gains or losses occur before or after acquisition for entities involved in a joint venture. The document expresses pride in recently finishing two lecture videos per day.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    ADVANCED FINANCIAL ACCOUNTING AND REPORTING

    AFAR-14 | INVESTMENTS IN JOINT VENTURES

    - uses PAS 31 (outdated??)

    - BRIEF HISTORY

    - joint venture = JCE

    - a & b = AFAR-13
    - already discussed
    - equity method = optional
    - FV = not subj. to impairment
    → changes in FV implies subjectivity to changes

    - problem I

    - pre- or post-acquisition = still income


    - entity X

    - entity Y

    - entity Z

    - very proud of myself lately for finishing two lecture videos a day recently :’ ]

    Alcera, Vincent Luigil C. | BSA 4-11


    16/03/2023-17/03/2023

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