IAS 31 Interests in Joint Ventures

Target entity: IAS 31 Interests in Joint Ventures
Context triple: [IFRS 11 Joint Arrangements, replaced, IAS 31 Interests in Joint Ventures]

• A. IAS 28 Investments in Associates and Joint Ventures
  IAS 28 Investments in Associates and Joint Ventures is an International Accounting Standard that prescribes the accounting treatment, including the equity method, for investments in entities over which an investor has significant influence or joint control.
• B. IFRS 11 Joint Arrangements
  IFRS 11 Joint Arrangements is an accounting standard that sets out principles for financial reporting by entities that have interests in joint arrangements, focusing on the rights and obligations arising from joint control.
• C. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  IAS 37 Provisions, Contingent Liabilities and Contingent Assets is an International Accounting Standard that sets out the criteria and measurement rules for recognizing and disclosing provisions, contingent liabilities, and contingent assets in financial statements.
• D. IFRS 12 Disclosure of Interests in Other Entities
  IFRS 12 Disclosure of Interests in Other Entities is an international accounting standard that sets out comprehensive disclosure requirements for a reporting entity’s interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities to help users assess the nature, risks, and financial effects of those interests.
• E. IAS 11 Construction Contracts
  IAS 11 Construction Contracts was an international accounting standard that prescribed how to recognize revenue and costs for long-term construction contracts before being replaced by IFRS 15.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Target entity: IAS 31 Interests in Joint Ventures
Target entity description: IAS 31 Interests in Joint Ventures was an international accounting standard that prescribed the recognition, measurement, and disclosure requirements for entities with interests in jointly controlled operations, assets, and entities.

• A. IAS 28 Investments in Associates and Joint Ventures
  IAS 28 Investments in Associates and Joint Ventures is an International Accounting Standard that prescribes the accounting treatment, including the equity method, for investments in entities over which an investor has significant influence or joint control.
• B. IFRS 11 Joint Arrangements
  IFRS 11 Joint Arrangements is an accounting standard that sets out principles for financial reporting by entities that have interests in joint arrangements, focusing on the rights and obligations arising from joint control.
• C. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
  IAS 37 Provisions, Contingent Liabilities and Contingent Assets is an International Accounting Standard that sets out the criteria and measurement rules for recognizing and disclosing provisions, contingent liabilities, and contingent assets in financial statements.
• D. IFRS 12 Disclosure of Interests in Other Entities
  IFRS 12 Disclosure of Interests in Other Entities is an international accounting standard that sets out comprehensive disclosure requirements for a reporting entity’s interests in subsidiaries, joint arrangements, associates, and unconsolidated structured entities to help users assess the nature, risks, and financial effects of those interests.
• E. IAS 11 Construction Contracts
  IAS 11 Construction Contracts was an international accounting standard that prescribed how to recognize revenue and costs for long-term construction contracts before being replaced by IFRS 15.
• F. None of above. chosen