Two statements "If A, then B." and "If P, then R." are equivalent if the validity of one statement implies the validity of the other?
That is, I assume that "If A, then B." is valid, then proceed to show the second statement is valid, and vice versa?
Or this done differently?
To show that a statement is valid, one need only show that if the premise is true, the conclusion necessarily follows, right?
Material equivalence between statements $p$ and $q$, denoted by $p \leftrightarrow q$, is logically equivlaent to $(p \rightarrow q) \wedge (q \rightarrow p)$.
Hence, if you wish to show that statements $a \rightarrow b$ and $p \rightarrow r$ are equivalent, or $(a \rightarrow b) \leftrightarrow (p \rightarrow r)$, then you may do this via natural deduction if you can show $[(a \rightarrow b) \rightarrow (p \rightarrow r)] \wedge [(p \rightarrow r) \rightarrow (a \rightarrow b)]$.
A general strategy to do this, known as a direct proof, would involve exactly what you are saying. First, assume $a \rightarrow b$ and then validly deduce $p \rightarrow r$. Secondly, assume $p \rightarrow r$ and then validly deduce $a \rightarrow b$. If you can do both, then you have demonstrated equivalence.