Subsidiary Inventory Valuation

This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.

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January 30, 2016 at 3:02 am #298503
charm
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Dear Sir,
I want to known about,
One of subsidiary company sales another subsidiary (intra-group transactions) with margin (20%). In this situation how isa requirement have in the inventory valuation of subsidiary Financial Reports (Not Consolidation Report).
Thank You
Charm Myae Aung
January 30, 2016 at 9:08 am #298527
MikeLittle
Keymaster
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Not in the F7 syllabus. Enough to concentrate on in F7 without getting involved with P2 problems!
February 1, 2016 at 2:03 am #298765
charm
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Thank You for your reply.
February 1, 2016 at 8:21 am #298823
MikeLittle
Keymaster
- Topics: 27
- Replies: 23368
Fyi, the individual company will record the inventory at cost to itself. No concept of pups in the accounts of the individual companies.
It’s only on consolidation that pups become an issue
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