Group SFP – Example (PUPs)

This topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.

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July 20, 2023 at 2:41 am #688607
khorasiaasif@gmail.com
Participant
- Topics: 10
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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: 7235
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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