Identify the essence of proportional consolidation and equity accounting and explain when each can be used in

Question:

Identify the essence of proportional consolidation and equity accounting and explain when each can be used in the preparation of consolidated in accordance with IAS GAAP.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...