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CriteriaDiscussionApplication (Y/N)Specific economicactivityContractualagreementconnecting venturersVenturers share bothstrategicfin&operatingpolicydecisionsUnanimous decisionmakingConclusion: x investment in y can/cant be classified as a J venture asthere is/ist JC between the venturers.是的话要满足all.不是的话陈述哪些没满足.Contribution entryDr Interest in jointly controlled operationCr Gain on sale of non current assetsCr …… BookValueDr Interest in jointly controlled operationCr CashAdditional contribution entryDisaggregation entry（根据F/Ss按比例分配）Dr Assets 以及 Production costsCr LiabilitiesCr Interest in jointly controlled operationAdjust management fee(收到钱的那一方)Dr CashCrManagement fee revenue按比例Cr Production costsRecord dep’n and amortisationDrDep’n / Amortisation (Lease) -（FV按比例再按比例）Cr Accum. dep’n/ amortisation -Recognise total costs of productionDr Cost of sales (卖出的数)Dr Inventories-finished goodsCr Costs of production(allocation ofproductioncosts+dep’n/amor-management fee reimbursement)Evaluation of the Line by line method Imposes fin performance of JV into venturer’s F/Ss. (Total cost ofproduction)Reflects the substance od economic reality of a venturer’s interestin a JV. (Total value of assets)Conflicts of defi of assets in the FrameworkDistort ratios analysisAASB 11 Changes (131)When classifying types of J arrangements, focus on the exposure.Para 6.(JOperation15&JVenture16)No choice between line by line and equity method. (JO: Line byLine method20; JV: Equity acct method24)Para. 11 financerA particular JV disclosure standard AASB12“Notional ledger account” Ledger accounts 4 a group r not maintained as they r4 a single entity. That is, there is no such thing as consolidated general ledgers. The consolidation issue: investing activities; ‘double counting’ problem;Cash paid for purchase of assets (做non-current assets的T)Cash receipts from customers (做provision for doubtful debts的T,再做a/c rec的T)Cash payments to suppliers etc (做inventoryT；做a/c payable的T)Cash payments for income tax (做income tax payable的 T)ITE(current + deferred)=Income tax payable + Δ DTL-ΔDTA(Income tax payable & DTL此消彼长)PPE记得减掉Accum. dep’n; Goodwill也有cash paymentsDirect Method(XX Ltd Group)Consolidated Statement of Cash Flows for the yr ended 30 June 20XXCash flows from operating activitiesCash receipts from customersCash payments to suppliers,employeesetcIncome taxInterest paymentsInterest receivedNet cash from OACash flows from investing activitiesPurchase of PPEPurchase of goodwillProceeds from sale of equipmentCash used to acquire subthe amt of the cashconsolidation paid less thecash balance of the sub atthe date of its acq.