hi,
I have a investment in JV by 25%stake, now I am preparing my consolidation, how to do consolidation of same, whether asset or liability will be proportionally consolidate or only profit from JV will be merged (Kindly answer as per Indas perspective)
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Consolidation of JV
Replies (2)
Quick Summary
There is a lot in jv accounting. Its equity method of accointing and measure invesment at cost of onr has signofocant control or else, one has to report it as normal investment as per financial instruments ive tried hard to find out how progit but my book doesnt have good examples.
I cant conform about the profit repoting, but looks like we have to report profit from jv, associates just above pbt. Because for everything, indas follows accounting associates in the equity method.
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