Hi Chris,
Thank you for detailed explanation on PURP.
In Lecture video as titled above, you have removed $10 from RE of Molly but you havent reduced Current Assets and Current Liabilities by $ 50 from Group consolidated accounts SFP. Is there something I am missing??
Ask the Tutor ACCA FR
Group SFP - Example (PUPs)
3y ago#1Hi,
Glad you like the explanation.
Is the $50 adjustment not adjusting for the outstanding intra-group balances at the reporting date?
Thanks
Sign into reply to this topic.