AS-23 of ICAI on “Accounting for Investments in Associates in Consolidated Financial Statements” prescribes the principles and procedures for recognising the effects of investments in associates, in the consolidated financial statements, i.e. on the financial position and operating results of a group. Download PDF Copy of AS-23, from the link below:
This Standard should be applied in accounting for investments in associates in the preparation and presentation of consolidated financial statements by an investor.
This Standard does not deal with accounting for investments in associates in the preparation and presentation of separate financial statements by an investor.