Joint Enterprise and Financial Position Consolidated at the Date of Acquisition

Abstract

The continuous increase in the diversity and complexity of economic and financial transactions at both national and transnational level is leading to a continuous dynamic of business organizations and reorganizations. Thus, some of the practical forms adopted are the formation of groups, associations, and other organizational forms, which implies the production of significant mutations in the standards and regulations in the field at national and international level. The chapter aims to introduce the concept of joint business and to distinguish between the notions of acquisition of assets and acquisition of businesses. It also discloses the required information requirements for affiliate related party as well as the interests held in other entities (subsidiaries, joint ventures, joint ventures, etc.).