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F3 consolidation

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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August 6, 2016 at 7:51 am #331671
geokcheng
Member
- Topics: 17
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Dear sir,
I’m confusing with double entry on unrealised profit on inventory between SOFP & SOCI. Can you explain to me?
August 6, 2016 at 9:26 am #331683
John Moffat
Keymaster
- Topics: 57
- Replies: 54700
You do not need double entries when prepared consolidated accounts!
How we deal with unrealised profit is explain in full in my free lectures on consolidations.
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