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IAS 28: Investments in associates and joint ventures

The accounting standard IAS 28 sets out the criteria and requirements for accounting for investments in associates and joint ventures. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

IAS 28 was amended in May 2011 and the standard ‘Investments in Associates and Joint Ventures’ supersedes the 2003 version ‘Investments in Associates’.

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  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • Example accounts
  • eBooks
  • Online articles
  • Articles and books from the Library

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Full text standard

Unaccompanied version of IAS 28
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.

This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.


IAS 28 – Investments in Associates and Joint Ventures (2011)
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration. A summary for IAS 28 prior to May 2011 is also available.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

Example accounts

IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.

Best practice

Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

IFRS 2018: Interpretation and application of IFRS standards
PKF (2018)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on consolidations, joint arrangements, associates and separate financial statements covers:

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

IASB news

Date Update
12 October 2017 International Accounting Standards Board issues narrow-scope amendments to IFRS 9 and IAS 28
News update issued on 12 October 2017 announcing amendments to aid implementation.
12 January 2017 International Accounting Standards Board consults on clarifications to IFRS Standards
Press release issued on 12 January 2017 by the IASB announcing proposed amendments to IAS 12, IAS 23 and IAS 28 as part of its annual improvements process.
8 December 2016 International Accounting Standards Board issues minor changes to IFRS Standards
Press release issued by the IASB on 8 December 2016 announcing amendments from the Annual Improvements to IFRS Standards 2014–2016 Cycle to IFRS 1, IFRS 12, IAS 28 and IAS 40.
17 December 2015 IASB postpones accounting changes for associates and joint ventures until completion of broader review
Press release from the IASB issued on 17 December 2015.
18 December 2014 IASB publishes narrow-scope amendments to investment entity requirements
News alert from the IASB issued on 18 December 2014 announcing amendments to IFRS 10, IFRS 12 and IAS 28.
16 September 2014 IASB publishes proposals for measuring quoted investments in subsidiaries, joint ventures and associates at fair value
News alert from the IASB issued on 16 September 2014 announcing an Exposure Draft with proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28 and IAS 36.
11 September 2014 IASB issues Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28)
News alert from the IASB issued on 11 September 2014 announcing narrow-scope amendments to IFRS 10 and IAS 28 addressing inconsistencies between requirements in both standards.
11 June 2014 IASB publishes Exposure Draft Investment Entities–Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28)
Project update from the IASB issued on 11 June 2014 announcing proposed amendments to clarify the application of the requirement for investment entities to measure subsidiaries at fair value.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports through our document supply service.

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