AASB 131 - Interests in Joint Ventures - July 2004
Comparison with IAS 31Comparison with IAS 31
Start here
Get a plain-English read of Comparison with IAS 31
Turn the raw legal text into a practical explanation grounded in AASB 131 - Interests in Joint Ventures - July 2004.
Comparison with IAS 31
AASB 131 and IAS 31
AASB 131 Interests in Joint Ventures as amended incorporates IAS 31 Interests in Joint Ventures as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 31) are identified with the prefix “Aus”, followed by the number of the relevant IASB paragraph and decimal numbering.
Compliance with IAS 31
Entities that comply with AASB 131 as amended will simultaneously be in compliance with IAS 31 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.