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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › PUP on associate (IAS28)
Dear mike
I wonder if the intra group sales or PUP should be written of in equity accounting for associates or not?
thank you so much for every thing.
The GROUP’s share of the pup should be eliminated.
The easiest way to do this is, in working W3, deduct the FULL amount of the pup from the associate today’s retained earnings and that reduces those earnings by the pup in full
Then we deduct the earnings at date of acquisition leaving us with post acquisition
Then take the group’s percentage holding of those post acquisition adjusted retained earnings of the associate and that automatically eliminates the group’s share of those pups
OK?
yes Thanks again.
You’re welcome