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Stupid question. Thx.

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Stupid question. Thx.

  • This topic has 4 replies, 5 voices, and was last updated 13 years ago by MikeLittle.
Viewing 5 posts - 1 through 5 (of 5 total)
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  • September 20, 2011 at 1:12 pm #49870
    milan204452
    Member
    • Topics: 4
    • Replies: 5
    • ☆

    When we do consol. Why we need to eliminate URP?

    September 20, 2011 at 7:32 pm #88255
    ratna1238
    Member
    • Topics: 3
    • Replies: 75
    • ☆☆

    well u c when you do your consolidation, which means putting 2 or 3 or however many FSs into one and represent the FSs as one (a whole) then you need to eliminate the Intercompany Profits (PUP, URP whatever u want to call it).

    This basically is like one company cannot sell to itself and make profit to itself. That is why you need to eliminate them.

    Does it make sense?

    September 29, 2011 at 3:08 pm #88256
    Nisai
    Member
    • Topics: 1
    • Replies: 4
    • ☆

    what is PUP short for?

    October 8, 2011 at 8:23 pm #88257
    sue888
    Member
    • Topics: 4
    • Replies: 43
    • ☆

    provision for unrealized profit

    October 16, 2011 at 12:58 pm #88258
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Problem solved?

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