https://www.taxtmi.com/acts?id=14695 Investments in associates in consolidated financial statements are accounted for under the equity method: initially recorded at cost with goodwill or capital reserve identified, then adjusted for the investor's share of post-acquisition profits or losses; distributions reduce carrying amount. The equity method is required except when investments are held for near-term disposal or when associates face severe long-term restrictions; reasons must be disclosed. Significant influence (distinct from control) is evidenced by board representation, policy participation, material transactions or managerial interchange. Differences in reporting dates or accounting policies require adjustments or disclosure, and the investor discontinues the equity method if significant influence is lost. en-us Sat, 04 Jun 2011 16:39:15 +0530 Thu, 17 Sep 2015 22:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14695 Investments in associates in consolidated financial statements are accounted for under the equity method: initially recorded at cost with goodwill or capital reserve identified, then adjusted for the investor's share of post-acquisition profits or losses; distributions reduce carrying amount. The equity method is required except when investments are held for near-term disposal or when associates face severe long-term restrictions; reasons must be disclosed. Significant influence (distinct from control) is evidenced by board representation, policy participation, material transactions or managerial interchange. Differences in reporting dates or accounting policies require adjustments or disclosure, and the investor discontinues the equity method if significant influence is lost. Act-Rules Companies Law Sat, 04 Jun 2011 16:39:15 +0530 https://www.taxtmi.com/acts?id=14695