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ASC 323- Investments – Equity Method and Joint Ventures
Welcome to our “Uniqus’ ASC Insights Series: Guide to Accounting Standards”, where we combine our collective wisdom to understand various Accounting Standard Codifications(ASCs) comprehensively and in a crisp manner. This series is an invaluable tool for accounting professionals, offering detailed explanations, illustrative examples, and our expert point of view. Designed to support your professional journey, this guide help you navigate complex accounting scenarios and deepen your knowledge.
This is the first publication in our “Uniqus’ ASC Insights Series: Guide to Accounting Standards”, focusing on “ASC 323- Investments – Equity Method and Joint Ventures” In this installment, we delve into the specifics of ASC 323, exploring its implications, key considerations, and practical applications. Through clear illustrations and expert commentary, we aim to make the standard accessible and actionable for practitioners.
ASC 323 provides guidance on the accounting for investments under the equity method which is applicable for the investors having an ability to exercise significant influence over the investee or investors having investments in a joint venture.