What Investors Need to Know about Accounting for Joint Ventures

The International Accounting Standards Board (IASB) recently streamlined accounting requirements for jointly controlled entities, including joint ventures. These changes — which took effect 1January 2013 (and 1 January 2014 in the European Union) — warrant ongoing investor attention.

IASB board member Patrick Finnegan, CFA; Fred Nieto, CFA, of the IFRS Education Initiative; and Vincent Papa, PhD, CFA, director of financial reporting policy at CFA Institute, discuss the rationale for these changes and what investors can expect from updates to related accounting and disclosure standards.

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