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
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.
Summaries
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
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Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.
Best practice
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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:
- Equity method of accounting
- The equity method
- Accounting for changes in ownership interest
- Examples of financial statement disclosures
- Impairment of the value of equity method investments
- Other requirements of IAS 28.
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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
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