Inderscience Publishers

The European position on accounting for joint ventures

- By: ,

Courtesy of Courtesy of Inderscience Publishers

This paper analyses the European response to the changes proposed by the International Accounting Standards Board (IASB) regarding accounting for joint ventures, which have to be placed within the context of the short-term International Financial Reporting Standards (IFRSs)?US General Accounting Principles (GAAP) convergence project. This study makes a comparative qualitative analysis of the appropriate technical literature and discusses the relevant legislation in the field of consolidations and the IASB's recently published Exposure Draft on Joint Arrangements (ED 9). The authors conducted a quantitative and qualitative analysis of the reactions to the ED based on the comment letters received by the IASB. The objective of this study is to highlight the implications of the proposed changes to accounting for joint ventures on consolidated financial reporting from the viewpoint of different categories of organisations.

Keywords: International Financial Reporting Standards, IFRS, US GAAP convergence, Europe, joint ventures accounting, International Accounting Standards Board, IASB, consolidations, consolidated financial reporting

Customer comments

No comments were found for The European position on accounting for joint ventures. Be the first to comment!