Commercial & FinanceVerified
equity accounting meaning in oil and gas
equity accounting means equity accounting. A method of accounting by which an equity investment (i.e. shares in another company) is initially recorded at cost and thereafter adjusted to reflect the investor's share of…
Definition
equity accounting
A method of accounting by which an equity investment (i.e. shares in another company) is initially recorded at cost and thereafter adjusted to reflect the investor's share of the net profit or loss of the investee.<p> <p> (For the accountants amongst us, refer to IAS28 or IFRS3)