The ownership of a corporate joint venture seldom changes, and its stock is usually not traded publicly. An entity that is a subsidiary of one of the joint venturers is not a corporate joint venture. Joint venturers thus have an interest or relationship other than as passive investors. A corporate joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. The purpose of a corporate joint venture frequently is to share risks and rewards in developing a new market, product or technology to combine complementary technological knowledge or to pool resources in developing production or other facilities. A government may also be a member of the group. Transfers and servicing of financial assetsĬorporate joint venture: A corporation owned and operated by a small group of entities (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. Revenue from contracts with customers (ASC 606)
Loans and investments (post ASU 2016-13 and ASC 326)
Investments in debt and equity securities (pre ASU 2016-13) Insurance contracts for insurance entities (pre ASU 2018-12) Insurance contracts for insurance entities (post ASU 2018-12) IFRS and US GAAP: Similarities and differences Business combinations and noncontrolling interestsĮquity method investments and joint ventures
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