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IASB clarifies accounting for acquisitions of interests in joint operations

  • IFRS - IASB Image

May 06, 2014

The International Accounting Standards Board (IASB) has issued "Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11)". The amendments clarify the accounting for acquisitions of an interest in a joint operation when the operation constitutes a business.

The amendments are effective for annual periods beginning on or after January 1, 2016, with earlier application being permitted.

Review the IASB's press release.

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