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Accounting for Associates, equity method

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Accounting for Associates, equity method

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  • April 22, 2021 at 9:43 am #618503
    Anonymous
    Inactive
    • Topics: 2
    • Replies: 0
    • ☆

    Hi! Why in equity method we eliminate intra-group unrealized profits

    April 24, 2021 at 1:15 pm #618718
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7172
    • ☆☆☆☆☆

    Hi,

    We have influence over the associate and we are eliminating the influence that we have over the sale made between the group and the associate.

    Thanks

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