Joint control

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Revision as of 10:41, 9 February 2015 by imported>Doug Williamson
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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.

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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


See also