IFRS 11 Joint Arrangements
E453774
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.
All labels observed (3)
How this entity was disambiguated
This entity first appeared as the object of triple T4575892 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: IFRS 11 Joint Arrangements Context triple: [International Financial Reporting Standards, hasStandard, IFRS 11 Joint Arrangements]
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A.
International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
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B.
IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
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C.
FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
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D.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
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E.
ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: IFRS 11 Joint Arrangements Target entity description: 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.
-
A.
International Financial Reporting Standards
International Financial Reporting Standards are a globally recognized set of accounting rules and principles designed to bring transparency, consistency, and comparability to financial statements across different countries.
-
B.
IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
-
C.
FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
-
D.
ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
-
E.
ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Accounting standard
ⓘ
International Financial Reporting Standard ⓘ |
| accompaniedBy | Implementation guidance ⓘ |
| addresses |
Changes in participation in a joint arrangement
ⓘ
Separate financial statements treatment of joint arrangements ⓘ |
| appliesIn | IFRS-reporting jurisdictions worldwide ⓘ |
| appliesTo | All entities that are a party to a joint arrangement ⓘ |
| basisOfConclusionDocument |
IFRS 11 Basis for Conclusions
ⓘ
linked to:
IFRS 11 Joint Arrangements
|
| clarifies | That joint control exists only when decisions about relevant activities require unanimous consent ⓘ |
| classificationCriterion |
Rights to assets and obligations for liabilities
ⓘ
Rights to the net assets of the arrangement ⓘ |
| classifiesAs |
Joint operation
ⓘ
Joint venture ⓘ |
| defines |
Joint arrangement
ⓘ
Joint operation ⓘ Joint venture ⓘ |
| developedFrom | IFRS project on joint arrangements ⓘ |
| effectiveDate | Annual periods beginning on or after 1 January 2013 ⓘ |
| emphasizes | Substance over form in classification of joint arrangements ⓘ |
| focusesOn |
Joint arrangements
ⓘ
Joint control ⓘ Rights and obligations of parties to a joint arrangement ⓘ |
| governs | Recognition of joint arrangement interests in financial statements ⓘ |
| issuedBy | International Accounting Standards Board ⓘ |
| language | English (official text) ⓘ |
| measurementBasisForJointVentures | Equity method in accordance with IAS 28 ⓘ |
| objective | To establish principles for financial reporting by entities that have an interest in joint arrangements ⓘ |
| partOf |
IFRS Standards
ⓘ
linked to:
International Financial Reporting Standards
|
| prescribesAccountingFor |
Joint operations
ⓘ
Joint ventures ⓘ |
| prohibitsForJointVentures | Proportionate consolidation ⓘ |
| relatedTo |
IAS 28 Investments in Associates and Joint Ventures
ⓘ
IFRS 10 Consolidated Financial Statements ⓘ IFRS 12 Disclosure of Interests in Other Entities ⓘ |
| replaced | IAS 31 Interests in Joint Ventures ⓘ |
| requires |
Accounting based on rights and obligations rather than legal form alone
ⓘ
Assessment of the terms of the contractual arrangement ⓘ Consideration of other facts and circumstances ⓘ |
| requiresDisclosureOf |
Information about interests in joint arrangements
ⓘ
Judgements made in determining the type of joint arrangement ⓘ |
| requiresForJointOperations |
Recognition of assets and liabilities relating to the entity’s interest
ⓘ
Recognition of revenue and expenses relating to the entity’s interest ⓘ |
| requiresForJointVentures | Equity method of accounting ⓘ |
| requiresForSeparateFinancialStatements | Accounting for interests in joint ventures in accordance with IAS 27 or local requirements ⓘ |
| scopeIncludes |
Joint arrangements not structured through separate vehicles
ⓘ
Joint arrangements structured through separate vehicles ⓘ |
| supersededStandardOf | Joint ventures accounting under IAS 31 ⓘ |
| transitionRequirements | Retrospective application with certain reliefs ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: IFRS 11 Joint Arrangements Description of subject: 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.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
IFRS 10 Consolidated Financial Statements
→
amendedBy
→
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (2014, effective date deferred)
ⓘ
linked to: IFRS 11 Joint Arrangements
linked to: IFRS 11 Joint Arrangements