UK GAAP - Investments in Associates and Joint Ventures

Course outline:

This module is available as part of the UK GAAP Library or can be booked as an individual course.

An in-depth look at the requirements of Section 14 and 15 of FRS 102, that prescribe the accounting treatment for investments in associates (Section 14) and joint ventures (Section 15) and to set out the requirements of the equity method and when its use is required.

This course covers:

• Scope and Definitions
• Significant Influence and the Importance of Distinguishing this from Joint Control and Control
• Identifying Joint Control and the Existence of a Joint Venture
• Identifying Types of Joint Venture and Accounting for Joint Operations and Jointly Controlled Assets
• Accounting for Associates and Jointly Controlled Entities – Overview
• What is the Equity Method and How is it Applied?
• Exclusions from Applying the Equity Method
• Loss Making Associates and Joint Ventures and Impairment Losses
• Increasing or Decreasing an Investment in an Associate or Joint Venture

CPD Hours: 2