UK GAAP 2019

Chapter 13Investments in joint ventures

• 1 INTRODUCTION
• 2 COMPARISON BETWEEN SECTION 15 AND IFRS
  • 2.1 Scope and classification
  • 2.2 Measurement – individual and separate entity financial statements
  • 2.3 Investment portfolios / funds
  • 2.4 Accounting for the acquisition of a jointly controlled entity
  • 2.5 Loss of joint control where the jointly controlled entity does not become a subsidiary or associate
  • 2.6 Transactions to create a jointly controlled entity
• 3 REQUIREMENTS OF SECTION 15 FOR INVESTMENTS IN JOINT VENTURES
  • 3.1 Scope
  • 3.2 Terms used in Section 15
  • 3.3 Definition of a joint venture and related terms
    • 3.3.1‘Venturer’ versus ‘investor’
    • 3.3.2 Contractual arrangement
    • 3.3.3 Joint control and unanimous consent
    • 3.3.4 Potential voting rights
    • 3.3.5 Types of joint venture
  • 3.4 Jointly controlled operations
    • 3.4.1 Definition
    • 3.4.2 Accounting requirements for jointly controlled operations
  • 3.5 Jointly controlled assets
    • 3.5.1 Definition
    • 3.5.2 Accounting requirements for jointly controlled assets
  • 3.6 Jointly controlled entities
    • 3.6.1 Definition
    • 3.6.2 Venturer that is not a parent
      • 3.6.2.A Cost model
      • 3.6.2.B Fair value model
    • 3.6.3 Venturer that is a parent
      • 3.6.3.A Separate financial statements
      • 3.6.3.B Consolidated financial statements
  • 3.7 Equity method
    • 3.7.1 Overview
    • 3.7.2 Summary of the equity method
  • 3.8 Transactions between a venturer and joint venture
    • 3.8.1 Background
    • 3.8.2 Requirements
    • 3.8.3 Loans and borrowings between the venturer and joint ventures
  • 3.9 Transactions ...