Joint control: Difference between revisions
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===Joint operation=== | ===Joint operation=== | ||
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Revision as of 10:41, 9 February 2015
Financial reporting.
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
Joint operation
Financial reporting.
A joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement.
See also
