How is joint venture accounted for?
How is joint venture accounted for? Joint ventures are accounted for using equity accounting (same as associates), but also occasionally using proportional consolidation. The joint venture is brought into the group accounts on a proportionate line by line basis between sales and net income. What is the method of accounting for investment in joint venture? The equity method of corporate accounting is used to value a company's investment in a joint venture when it holds significant influence over the company it is investing in. What is joint venture discuss how it be treated as per IFRS? IFRS 11 requires an...