IAS 28 Investments in Associates and Joint Ventures

International Accounting Standard 28

Overview of IAS 28

  • Issued: in 1989; re-issued in 2003 and 2011, followed by amendments
  • Effective date: 1 January 2013
  • What it does:
    • It prescribes the accounting for investments in associates (in which an entity exercises significant influence).
    • It specifies the application of equity method for accounting of investments in associates as well as investments in joint ventures.
    • It provides guidance on how to identify significant influence.

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