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of <h1>Ind AS 28: Equity Method Accounting for Associates and Joint Ventures - recognition, measurement, and changes in influence</h1> Ind AS 28 prescribes accounting for investments in associates and joint ventures by entities with joint control or significant influence, defining associate, joint venture, joint control and significant influence (presumed at 20% voting power). It requires the equity method-initial recognition at cost with subsequent adjustments for the investor's share of post-acquisition profit, OCI and distributions-subject to limited exemptions (e.g., certain wholly-owned subsidiaries and specified investment entities). The Standard addresses assessment and loss of significant influence, treatment of upstream/downstream transactions, changes in ownership, classification as held for sale, impairment testing of the net investment, and accounting in separate financial statements.
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