Global Standards for the world economy

Monday 25 January 2021

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Joint ventures

Joint Arrangements


Project milestones


This project has been completed. In May 2011 the IASB issued IFRS 11 Joint Arrangements.  The standard establishes principles for financial reporting by parties to a joint arrangement.

Read the feedback statement and the  effect analysis of the standard.

The IFRS supersedes IAS 31 Interests in Joint Ventures and SIC-13 Jointly Controlled Entities —Non-Monetary Contributions by Venturers and is effective for annual periods beginning on or after 1 January 2013. Earlier application is permitted.

IFRS 11 is concerned principally in addressing two aspects of IAS 31: first, that the structure of the arrangement was the only determinant of the accounting and, second, that an entity had a choice of accounting treatment for interests in jointly controlled entities. IFRS 11 improves on IAS 31 by requiring a party to a joint arrangement to determine the type of joint arrangement in which it is involved by assessing its rights and obligations arising from the arrangement.

The disclosure requirements for joint arrangements are specified in IFRS 12 Disclosure of Interests in Other Entities.


Project news

May 2011 Recording of a webcast introducing IFRSs 10, 11 & 12 available -  click here to listen

2 May  2011 IFRS 11 Joint Arrangements published -  click here for more information.

February 2011  Board observer note for Consolidations and Joint Arrangements available - Effective Date and Transition [PDF]

Click here to see all previous project news on this project.


Last IASB meeting update

18 July 2012

The IASB discussed how an investor should account for its share of the changes in the net assets of the associate that are not recognised in profit or loss or other comprehensive income of the associate (ie, "other net asset changes")..

Click here  to view the full update and to access all previous IASB updates on this project.

Click here to listen to the IASB meetings audio playback.


Next discussed by the IASB

Discussions of this project have finished. This project is now complete.


Page last updated:  2 August 2012 

Related information

A webcast introducing IFRSs 10, 11 & 12 [May 2011] -  click here to listen

Click here to listen to a podcast introducing IFRS 11 Joint Arrangements

Read the May 2011 feedback statement on IFRS 11 Joint Ventures

Click here to view the interaction between IFRS 10,11 and 12

Read  Frequently Asked Questions on IFRS 11 Joint Arrangements

Click here for the September 2007 Exposure Draft and Comment letters

Project contacts

Mariela Isern
Senior Technical Manager