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The new joint arrangements standard

Insights for the real estate industry: IFRS 11


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The new joint arrangements standard

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The International Accounting Standards Board’s (IASB) recently issued joint arrangements standard, IFRS 11 Joint Arrangements, supersedes IAS 31 Interests in Joint Ventures and SIC-13 Jointly Controlled Entities – Non-Monetary Contributions by Venturers, and may change how investors in the real estate industry account for their interests in joint arrangements. Concurrent with the issuance of IFRS 11, the IASB also issued:





  • IFRS 10 Consolidated Financial Statements;
  • IFRS 12 Disclosure of Interests in Other Entities;
  • IAS 27 Separate Financial Statements (2011), which has been amended for the issuance of IFRS 10 but retains the current guidance for separate financial statements; and
  • IAS 28 Investments in Associates and Joint Ventures (2011) which has been amended for conforming changes based on the issuance of IFRS 10 and IFRS 11

These standards are effective for annual periods beginning on or after January 1, 2013.

Download a copy of IFRS 11 to learn more.

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Related industries

Real estate

Related services

Assurance and advisory
IFRS