Is the consolidation method also known as the acquisition method & likewise, is the accounting method also known as the equity method?
Consolidation is often loosely used in lieu of the acquisition method but consolidation also is the correct term while including the results of investment in associates (ie. the equity method). Equity method is not the same as the acquisition method though.
So is that “yes” or “no” to my two questions?
Yes and no, respectively. There is no method known as the accounting method.