Global Standards for the world economy

Sunday 20 September 2020

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IFRS 11 Joint Arrangements

IFRS 11 Joint Arrangements [May 2011]




These FAQs have been prepared by staff for the convenience of interested parties and does not reflect the official views of the IASB. It does not provide official guidance on how to apply or use the standard.

Click on the questions below to view the answers.


Why did the IASB decide to undertake the project?

What are the main differences between IAS 31 and IFRS 11?

What are the main differences between the exposure draft ED 9 and IFRS 11?

Why has the IASB decided to remove proportionate consolidation?

Why has the IASB changed its mind in relation to its perception about proportionate consolidation?

What are the differences between proportionate consolidation and recognition of assets, liabilities, revenues and expenses arising from a joint operation?

How can an entity determine whether it has an interest in a joint operation or in a joint venture?

How could ‘joint operations’ and ‘joint ventures’ be described in a few words?

How will the new IFRS reshape the financial statements?

Has the IASB considered whether the changes brought in by IFRS 11 could cause entities to change the way they operate?

What are the main disclosure requirements of the new IFRS?

How aligned are the requirements to US GAAP?

What are the transition requirements?

What is the effective date of IFRS 11?

Related information

Click herefor a print-friendly PDF of these FAQs