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Consolidated SFP Prov for unrealised profit involving the parent and associate

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidated SFP Prov for unrealised profit involving the parent and associate

  • This topic has 0 replies, 1 voice, and was last updated 8 years ago by Pinky.
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  • December 1, 2016 at 11:06 pm #353010
    Pinky
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    • Topics: 3
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    • ☆

    Hello

    what are the entries for provision for unrealised profit when an associate sells to a parent in the consol SFP ? How do you value the associate? do you subtract the pup from consol ret earnings? does the pup reduce the inventory ? please note the associate is selling to the parent

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