2007-09-13 17:39:21 · 3 answers · asked by Anonymous in Business & Finance ➔ Corporations
IAS 31 defines a Joint venture as A contractual arrangement whereby two or more parties undertake an economic activity that is subject to joint control. Joint control: The contractually agreed sharing of control over an economic activity such that no individual contracting party has control.
A collaboration is a layman's term and is not part of any accounting std. It just means the coming together of 2 or more parties for the purpose of brainstorming and sharing of expertise.
In a merger, two separate companies combine and only one of them survives. In other words, the merged (acquired) company goes out of existence, leaving its assets and liabilities to the acquiring company. Usually when two companies of significantly different sizes merge, the smaller company will merge into the larger one, leaving the larger company intact. Mergers are part of Business Combinations, the subject of IFRS 3.
2007-09-13 22:16:33 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
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2016-07-27 01:29:44 · answer #2 · answered by stephaine 3 · 0⤊ 0⤋
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2016-03-13 04:07:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋