Obtain the 2011 annual report of Vodafone (www.vodafone.com). Required: 1. Contrast the accounting approaches used in Notes

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Obtain the 2011 annual report of Vodafone (www.vodafone.com).

Required:
1. Contrast the accounting approaches used in Notes 13 for “investments in joint ventures” and 14 for “investments in associated undertakings.” What are key similarities and differences?
2. Do you think it is likely that Vodafone’s accounting for joint ventures will change after it implements IFRS No. 11? Explain.

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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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