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Joint arrangements


This project was originally initiated as a research project in a partnership with the Australian Accounting Standards Board (AASB). The AASB conducted preliminary research for a re-examination of IAS 31 Interests in Joint Ventures. The original project focused on two major issues:
  • The definitions of joint ventures and jointly controlled entities
  • The method(s) of accounting by investors in such entities.

The project evolved into a short-term IASB-FASB convergence project with the objective of reducing differences between IFRS and US GAAP, specifically that the form of the arrangement is the primary determinant of the accounting and that an entity has a choice of accounting treatment for interests in jointly controlled entities (equity accounting or proportionate consolidation).


Current status of the project

This project has been completed.  The IASB issued IFRS 11 Joint Arrangements on 12 May 2011.


Project milestones

November 2004 Added to the IASB's active agenda
13 September 2007 ED 9 Joint Arrangements issued Comment deadline 11 January 2008
21 April 2011 Near-final Draft of IFRS on Joint Arrangements published
12 May 2011 IFRS 11 Joint Arrangements published Applicable to annual reports beginning on or after 1 January 2013


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.