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Group SFP – Example (PUPs)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Group SFP – Example (PUPs)

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
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  • July 20, 2023 at 2:41 am #688607
    khorasiaasif@gmail.com
    Participant
    • Topics: 10
    • Replies: 8
    • ☆

    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??

    July 24, 2023 at 7:59 am #688783
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7060
    • ☆☆☆☆☆

    Hi,

    Glad you like the explanation.

    Is the $50 adjustment not adjusting for the outstanding intra-group balances at the reporting date?

    Thanks

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