A global family of legally independent firms
PKF Update 2 - Joint Arrangements
describes the accounting for a joint arrangement. The investor will
be required to either apply the equity method of accounting or
recognise, on a line-by-line basis, its share of the underlying
assets, liabilities, revenues and expenses.
The accounting treatment required will depend on the substance
of the arrangement and the nature of the investor's interest in it.
The option to apply proportionate consolidation has been
For more information about becoming a member, recruitment opportunites or to contact a member firm