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cosolidation associates

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › cosolidation associates

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • November 5, 2015 at 6:07 am #280576
    amna
    Participant
    • Topics: 92
    • Replies: 93
    • ☆☆

    can i know when will URP of associates be included in cost of sales?

    is it when parent sells to associates or when associate sells to parent?

    November 5, 2015 at 8:15 am #280581
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Neither! Take the full amount of the pup, deduct from associate’s “today’s” retained earnings in working W3, take our share of the post-acquisition associate retained profits to the parent’s column in working W3 and that same figure to working W5A Investment in Associate

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