According to the CICA Handbook and current Canadian GAAP,joint ventures should be accounted for using:

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According to the current Canadian GAAP, joint ventures should be accounted for using the proportionate consolidation method. This method involves combining the proportionate share of assets, liabilities, revenues, and expenses of the joint venture with those of the parent company for reporting purposes. This method is considered more appropriate than the cost method, pooling of interests method, and entity theory for reflecting the economic substance of a joint venture.

According to the CICA Handbook and Current Canadian GAAP,joint Ventures