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BASIC GROUPS – study text – Illustration 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › BASIC GROUPS – study text – Illustration 1

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • April 9, 2021 at 1:07 pm #616568
    losercase
    Member
    • Topics: 20
    • Replies: 37
    • ☆☆

    For part b ii) of the question there is a note stating “Even though the associate was the seller for the intragroup trading, unrealised profit is adjusted in the parents column so as not to multiply it by the group’s share twice”. I cant understand what do they mean by multiplying it twice and when? Could you explain this with and example.

    Thank you

    April 9, 2021 at 1:09 pm #616569
    losercase
    Member
    • Topics: 20
    • Replies: 37
    • ☆☆

    BPP study text

    April 10, 2021 at 1:28 pm #616655
    Stephen Widberg
    Keymaster
    • Topics: 11
    • Replies: 2837
    • ☆☆☆☆☆

    Don’t know.

    PUPs are really FR (apart from deferred tax). PUPs with associates are not at all important as there is no agreed rule.

    You won’t be preparing an entire P&L.

    If you get one, which you won’t, calculate the PUP, multiply by group % and reduce associate profit by whatever you’ve calculated.

    THREAD HEADER SHOULD BE ASSOCIATE PUP

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