JVA with BCS

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TheScotsman
Posts: 102
Joined: Fri Nov 19, 2004 9:32 am
Location: London

JVA with BCS

Post by TheScotsman » Tue Mar 18, 2008 7:16 pm

Hi All,
Anyone used JVA / joint ventures in BCS?
I'm keen to hear of any tips/suggestions
- was the consolidation unit the joint venture?
- was reclassification used?
- proportional consolidation?
Anything in particular to look out for / be aware of?

Hot Asien Teen
Posts: 1548
Joined: Tue Aug 16, 2005 9:00 am

Re: JVA with BCS

Post by Hot Asien Teen » Fri Apr 11, 2008 12:40 am

We used proportional consolidaiton with group shares for the lot, JV, ASsociate, or Maj. owned.
We used a reclassification to adjsut the RE and Equity before COI is run.
We breifly considered implementing multiple accounting techniques, then decided a hole in the head would be less painful.
Electricity is actually made up of extremely tiny particles called electrons, that you cannot see with the naked eye unless you have been drinking.

Sometimes I think I understand everything, then I regain consciousness.

TheScotsman
Posts: 102
Joined: Fri Nov 19, 2004 9:32 am
Location: London

Re: JVA with BCS

Post by TheScotsman » Sun Apr 13, 2008 5:05 pm

Thanks

TheScotsman
Posts: 102
Joined: Fri Nov 19, 2004 9:32 am
Location: London

Re: JVA with BCS

Post by TheScotsman » Sun Apr 13, 2008 5:18 pm

Thanks

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