Need to Know - IASB publishes amendments to IFRS 10 and IAS 28 (2011) dealing with the sale or contribution of assets between an investor and its joint venture or associate

Published on: 12 Sep, 2014

This newsletter summarises the IASB's September 2014 amendments to IAS 28 'Investments in Associates and Joint Ventures' and IFRS 10 'Consolidated Financial Statements' regarding the clarification of the accounting for sales or contributions of assets between investors and their associates or joint ventures. The amendments address a conflict between the requirements of IAS 28 (2011) and IFRS 10 and clarify that in a transaction involving an associate or joint venture the extent of gain or loss recognition depends on whether the assets sold or contributed constitute a business.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.