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of <h1>AS 23: Equity Method for Accounting Investments in Associates, Disclosures Required for Ownership and Voting Power.</h1> AS 23 outlines the principles for accounting investments in associates within consolidated financial statements. It mandates using the equity method, where investments are initially recorded at cost, and adjusted for the investor's share of the associate's net assets post-acquisition. Significant influence, typically presumed with 20% or more voting power, allows participation in policy decisions without control. The standard requires disclosures of ownership interests, voting power, and differences in accounting policies. Investments intended for near-term disposal or under severe restrictions are exceptions, accounted for under AS 13. Adjustments for unrealized profits and losses from transactions with associates are necessary.
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