This setion applies to accounting for joint ventures in consolidated financial statements for investments in joint ventures in the individual financial statements of a venturer that is not a parent, and for investment in jointly controlled operations and jointly controlled assets in the separate financial statments of a venturer that is a parent. A venturer that is a parent shall acount for interests in jointly controlled entities in its separate financial statments in accordance with paragraphs 9.26 and 9.26A, as appropriate.