Sling for swatch

How do public companies account for the financial performance of JVs and investments, for reporting purposes? - jvs - bentos

Before the collapse of Enron, joint ventures and other similar facilities have been achieved only in a footnote in the financial and corporate annual reports. This gap, as well as other knowledge and creative accounting allowed Enron to hide losses and debts and inflate profits.

The Sarbanes-Oxley implementation and application of targeted new SEC rules on disclosure of all risks and company information, financial statements and statement of balances (according to a statement of retained earnings) and investment in joint ventures with state enterprises should take the support the balances reported are shown in the financial statements of the parent. All significant risks and future operations is not reflected in the financial statements should be disclosed in the notes to financial statements.