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ACCOUNTING STANDARD - 27 FINANCIAL REPORTING OF INTERESTS IN JOINT VENTURES J.P., KAPUR & UBERAI
SCOPE ,[object Object],[object Object],J.P., KAPUR & UBERAI
DEFINITIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
FORMS OF JOINT VENTURES ,[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
CONTRACTUAL ARRANGEMENT ,[object Object],[object Object],[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
CONTRACTUAL ARRANGEMENT- CONTD. ,[object Object],[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
JOINTLY CONTROLLED OPERATIONS- ACCOUNTING TREATMENT ,[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
JOINTLY CONTROLLED ASSETS- ACCOUNTING TREATMENT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
JOINTLY CONTROLLED ENTITIES- ACCOUNTING TREATMENT J.P., KAPUR & UBERAI ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DISCONTINUANCE OF JOINT CONTROL ,[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
ACCOUNTING TREATMENT AFTER DISCONTINUANCE ,[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
ACCOUNTING TREATMENT AFTER DISCONTINUANCE- CONTD. ,[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI
TRANSACTIONS BETWEEN A VENTURER AND  JOINT VENTURE ,[object Object],[object Object],J.P., KAPUR & UBERAI
TRANSACTIONS BETWEEN VENTURER AND JOINT VENTURE- CONTD. ,[object Object],[object Object],J.P., KAPUR & UBERAI
REPORTING INTERESTS IN JOINT VENTURES IN THE FINANCIAL STATEMENTS OF AN INVESTOR ,[object Object],[object Object],J.P., KAPUR & UBERAI
ACCOUNTING TREATMENT IN THE FINANCIAL STATEMENTS OF OPERATORS ,[object Object],J.P., KAPUR & UBERAI
DISCLOSURE REQUIREMENTS J.P., KAPUR & UBERAI A venturer should disclose the following information in its separate financial statements as well as in consolidated financial statements:  Aggregate amount of contingent liabilities, unless the probability of loss is remote, separately from the amount of other contingent liabilities:  Any contingent liabilities that the venturer has incurred in relation to its interests in joint ventures and its share in each of the contingent liabilities which have been incurred jointly with other venturers;  Its share of the contingent liabilities of the joint ventures themselves for which it is contingently liable; and  Those contingent liabilities that arise because the venturer is contingently liable for the liabilities of the other venturers of a joint venture.
DISCLOSURE REQUIREMENTS- CONTD. ,[object Object],[object Object],[object Object],[object Object],[object Object],J.P., KAPUR & UBERAI

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As 27

  • 1. ACCOUNTING STANDARD - 27 FINANCIAL REPORTING OF INTERESTS IN JOINT VENTURES J.P., KAPUR & UBERAI
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  • 17. DISCLOSURE REQUIREMENTS J.P., KAPUR & UBERAI A venturer should disclose the following information in its separate financial statements as well as in consolidated financial statements: Aggregate amount of contingent liabilities, unless the probability of loss is remote, separately from the amount of other contingent liabilities: Any contingent liabilities that the venturer has incurred in relation to its interests in joint ventures and its share in each of the contingent liabilities which have been incurred jointly with other venturers; Its share of the contingent liabilities of the joint ventures themselves for which it is contingently liable; and Those contingent liabilities that arise because the venturer is contingently liable for the liabilities of the other venturers of a joint venture.
  • 18.