Foreign subsidiaryForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Foreign subsidiaryThis topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts October 31, 2013 at 10:14 am #144196 hasanali95MemberTopics: 239Replies: 248☆☆☆How do we treat a PURP with a foreign subsidiary? October 31, 2013 at 1:42 pm #144212 MikeLittleKeymasterTopics: 27Replies: 23214☆☆☆☆☆The same as you would with a “home” subsidiary.Deduct the translated amount from the foreign subsidiary’s retained earnings if the foreign subsidiary is the one making the sale and recording the profitDeduct from the parent’s retained earnings if it’s the parent that has made the saleAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In