Group SFP – NCA PUPs – ACCA Financial Reporting (FR)

Comments

1. gkumar84@live.com says

   April 6, 2023 at 5:30 pm

   why do we not remove the unrealised profit when removed the inventory or NCA?

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   • kamo7293 says

     June 3, 2025 at 11:38 am

     PPE is usually not sold to make a profit. The subsidiary will be using it in their operations

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2. brianzulu1717 says

   December 8, 2019 at 8:18 am

   Let say we were reporting in the following year and p is the one that sold the asset can we adjust for the sale of non current asset as:
   Dr PPE with the excess depreciation
   Cr excess depreciation to w2 of the subsidiary in the at reporting date column
   Dr p’s retained earnings unrealised profit
   Cr PPE unrealised profit

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