ICAEW.com works better with JavaScript enabled.

IFRS 11 Joint arrangements

IFRS 11 Joint Arrangements establishes principles for financial reporting by parties to a joint arrangement. The standard was published in May 2011 and is effective from 1 January 2013 or 1 January 2014 for EU preparers.

Full text standard

Unaccompanied version of IFRS 11
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.

IFRS 11 summary and timeline

Looking for the synopsis? Our IFRS 11 summary and timeline are now on a separate page, featuring information on current proposals and a timeline of IASB updates.

Which version of the standard?

Financial Reporting Faculty members have unlimited online access to the consolidated edition of IFRS and amendments through the IASB's eIFRS service. Please log into eIFRS to access electronic versions of the standards. Or find out more about how to join the faculty.

The ICAEW Library & Information Service also holds print versions of the IFRS standards. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com

Related IFRIC interpretations

ICAEW guides and support


Interests in Other Entities
Financial Reporting Faculty, 30 January 2017
In May 2011, the IASB published a ‘package of five’ new and revised standards providing updated guidance on the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates: IFRS 10, IFRS 11, IFRS 12, IAS 27 (2011) and IAS 28 (2011). This exclusive factsheet for Financial Reporting Faculty members answers common questions about these standards.

Annual factsheets

These exclusive factsheets, produced annually by the Financial Reporting Faculty for its members, highlight all new and modified requirements for preparers of IFRS accounts. Each annual edition focuses primarily on new requirements with mandatory application for preparers with periods beginning on or after 1 January of that year.

2019 IFRS accounts
Financial Reporting Faculty, 4 December 2019

2018 IFRS accounts
Financial Reporting Faculty, 6 August 2018

Articles and features

Getting to grips with the IASB’s new consolidation standards
Andy Simmonds, By All Accounts, January 2012
From the Financial Reporting Faculty's magazine, Andy Simmonds, Chairman of the Financial Reporting Faculty and Partner in Deloitte LLP, looks at some of the practical implications of the IASB's ‘package of five’ new and revised standards. The views expressed are very much his own.


IFRS Update
Financial Reporting Faculty, 18 July 2013
This webinar for Financial Reporting Faculty members focused on new and revised standards that are effective for 2013. There have been several significant changes, including major new standards on consolidated financial statements, joint arrangements, disclosure of interests in other entities and fair value measurement and a revised version of IAS 19 Employee Benefits.


Access to eBooks is only available to ICAEW members and ACA students – please log in to view these titles.

Joint arrangements
EY, International GAAP 2021 (2020)
The latest edition of this comprehensive guide offers a global perspective on complex technical accounting issues to help practitioners interpret and implement IFRS. It contains worked examples and illustrations from published financial reports of major listed companies from around the world. This chapter discusses IFRS 11.

If you have any difficulties using these eBooks, please see our Help and support advice or contact library@icaew.com.

Example accounts

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

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. Company Reporting analyses current IFRS disclosures from public companies, organised by industry sector. It also provides detailed monthly Common Practice reports on specific issues.

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.

External resources

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

Measurement of joint operations: Reading between the lines
Guide published by PwC in November 2014 looks at some common JO measurement issues and approaches that have arisen.

Applying IFRS in the Oil & Gas Sector: Potential implications of the amendments to IFRS 11 Joint Arrangements
Guide produced by EY, published in November 2014, discussing the significant impact of changes to IFRS 11 on oil and gas entities.

Potential implications of the amendments to IFRS 11 Joint Arrangements
Guide from EY discussing the potential impact for mining and metals entities. Published August 2014.

Challenges in adopting and applying IFRS 11
Detailed guide from EY published in June 2014 describing the requirements of IFRS 11, application issues and disclosure requirements. The guide covers joint arrangements, joint control, classification of a joint arrangement, accounting for joint operations, accounting for joint ventures, continuous assessment, and disclosures.

Acquisition of interests in joint operations
Bulletin issued by PwC in May 2014 giving an overview of the impact and scope of amendments to IFRS 11.

Accounting for collaborations in the life sciences sector: Challenges in applying IFRS 10 and IFRS 11
Guide, with examples, produced by EY in June 2013.

Further reading

Manuals and handbooks

The ICAEW Library stocks the latest IFRS handbooks and manuals. You can browse all our books on IFRS 11 and joint arrangements or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com

Insights into IFRS 2020–21
KPMG, Sweet and Maxwell, 2020
Manual providing practical guidance with an emphasis on the real-life application of IFRS, with examples based on actual questions that have arisen in practice around the world.

Wiley IFRS 2020: Interpretation and application of IFRS standards
PKF, Wiley, 2020
Reference manual providing full coverage of the latest standards and thorough guidance for implementation, featuring practical tools and insight from a practitioner's perspective.

Manual of accounting: IFRS supplement 2020
PwC, LexisNexis, 2019
Practical guidance on the standards and the accounting requirements of UK law applicable to UK users of IFRS.

Principles of group accounting under IFRS
Andreas Krimpmann, Wiley, 2015
This book gives practical guidance on managing the issues specific to international group accounting under IFRS 10, IFRS 11 and IFRS 12, illustrated with a step-by-step case study of a mid-size group. 

Find out more about how you can borrow books from the ICAEW Library or get articles and documents sent to you by email or post.

Ask ICAEW Technical Advisory Service

Get an opinion from the experts. Our experienced technical advisors can help you with your IFRS questions and offer practical advice. Call the advisory helpline on +44 (0)1908 248 250. 

Find out more about the Technical and ethics advisory helpline, including our opening hours.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com

* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.