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HI
If tangible assets transfer between divisions or between division and the main company with out transfering their possession , should the company or divisions recognize the asset and their related cost?If not , what shall we do?thanks
This is not a relevant question for Paper PM. It is a financial accounts problem and you should ask in the FR forum.
All that is relevant for Paper PM is as to measuring divisional performance, and what matters there is who controls the assets – all assets in the division will be owned by the company, a division is not a legal entity but is part of the company.
dear mr john mofatt
i have encountered with this topic at work and i do not know what shall i do ? may i guide me?
thanksA division is not usually a separate company – it is part of one big company and therefore it is the company that owns all the assets.
If there are separate companies then it becomes a consolidation problem which is financial accounting and you should ask in the FR forum and not in the PM forum, because it is not relevant for Paper PM.
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