1>>The dividend income, share in profit which updated investment value in the 'Equity method', does these account has to be defined as P& L account or balance sheet account?
Is there any specific need to define these share in subsidiary's profit account as balance sheet account to meet the consolidation requirement...
2>> The investment entries which are required to be captured in the source system for 'Purchase method', are normally done using the AR/AP subledgers or done directly by journal entry. I am referring to initial investment entries only not the elimination of investment ..