One of the practical challenges that can arise when accounting for joint arrangements is the issue of non-coterminous reporting periods between the joint operators and the joint operation itself. IFRS 11 Joint Arrangements does not provide specific guidance on how …
When entities contribute businesses to the formation of a joint venture, the accounting treatment can become complex and nuanced. IFRS 11 Joint Arrangements does not provide specific guidance on how to account for such transactions, leaving entities to navigate the …