• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2026 exams.
Get your discount code >>

PUP adjastment on revenue

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › PUP adjastment on revenue

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by Rochikikakadu.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • December 2, 2020 at 7:21 pm #597426
    Rochikikakadu
    Participant
    • Topics: 5
    • Replies: 3
    • ☆

    Below is Kaplan problem and its answer, as you can see in answer author hasn’t made PUP adjustment, can you tell me what is the reason? why we don’t have to make PUP Adjustment

    Problem:
    AB has owned 80% of CD for many years. In the current year ended 30 June 20X3, AB has 
    reported total revenues of $5.5 million, and CD of $2.1 million. AB has sold goods to CD during 
    the year with a total value of $1 million, earning a margin of 20%. Half of these goods remain 
    in year?end inventories. 

    What is the consolidated revenue figure for the AB group for the year ended 30 June 20X3? 

    Answer:
    $6,600,000  Consolidated revenue: AB $5.5m + CD $2.1m – $1m intra?group= $6.6 million  All intra?group sales and cost of sales are removed from the group accounts

  • Author
    Posts
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan CIMA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Leseg on MA Chapter 1 Questions Accounting for Management
  • Winz on Conceptual Framework – ACCA SBR lecture
  • MikeLittle on Sharia law – ACCA LW Global
  • AhmedRiflan on Sharia law – ACCA LW Global
  • mohamed0Ragab141 on Chapter 3 – Property Income and Investments – Individuals TX-UK FA2023

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in