TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Equity method for associate investments in consolidated statements, with AS 13 exceptions, disclosures, and transition rules</h1> Prescribes recognition and presentation of investments in associates in consolidated financial statements by requiring application of the equity method from the date an investee becomes an associate, with the investment initially recorded at cost (including separately disclosed goodwill/capital reserve) and thereafter adjusted for the investor's share of post-acquisition profits/losses and other equity changes, with elimination of unrealised profits/losses to the extent of the investor's interest; this results in consolidated profit or loss reflecting the investor's share of the associate's results and the carrying amount reflecting the investor's share of net assets. It mandates use of AS 13 instead of the equity method where the investment is held for near-term disposal or where severe long-term restrictions impair fund transfers, and requires discontinuance of the equity method when significant influence ceases or restrictions arise, treating the then carrying amount as cost thereafter, with specified disclosures and transitional adjustment to retained earnings on first-time application.
TaxTMI 
TaxTMI 
