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Investments in joint ventures

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Obtain the 2011 annual report of Vodafone (www.vodafone.com).

Required:
1. Contrast the accounting approaches used in Notes 13 for investments in joint ventures  and 14 for investments in associated undertakings.  What are key similarities and differences? 
2. Do you think it is likely that Vodafone's accounting for joint ventures will change after it implements IFRS No. 11? Explain.

Reference no: EM13881480

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