Amendments to Ind AS 28 – Long-term Interests in Associates and Joint Ventures

Long-term Interests in Associates and Joint Ventures (Amendments to Ind AS 28) issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. This example portrays a hypothetical situation illustrating how an entity (investor) accounts for long-term interests that, in substance, form part of the entity’s net investment in an associate (long-term interests) applying Ind AS 109 and Ind AS 28 based on the assumptions presented. The entity applies Ind AS 109 in accounting for long-term interests. The entity applies Ind AS 28 to its net investment in the associate, which includes long-term interests. The analysis in this example is not intended to represent the only manner in which the requirements in Ind AS 28 could be applied. Now Download Amendments to Ind AS 28 in pdf format.