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Joint Arrangements
Accounting term for arrangements between two or more parties who undertake an economic activity that is subject to joint control.
Equal Interests
A term usually indicating that all parties involved have the same level of stake or share in an asset, liability, or agreement.
Joint Control
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
Manage Risks
The process of identifying, assessing, and controlling threats to an organization's capital and earnings.
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