The objective of Accounting Standard-23 (Accounting for Investments in Associates in Consolidated Financial Statements) is :

(A) to prescribe the minimum content of an interim financial report and to prescribe the principles for recognition and measurement in complete or condensed financial statements for an interim period

(B) to ensure that appropriate recognition criteria and measurement bases are applied to provisions and contingent liabilities and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount

(C) to set out principles and procedures for recognizing, in the consolidated financial statements, the effects of the investments in associates on the financial position and operating results of a group

(D) Accounting for investments in the financial statements of enterprises and related disclosure requirements