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Tradings between subsidiary and associate company in consolidition

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Tradings between subsidiary and associate company in consolidition

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  • October 30, 2016 at 10:44 pm #346758
    nisar01
    Participant
    • Topics: 3
    • Replies: 1
    • ☆

    If there are tradings between a subsidiary and associate, how would parent company account for it while preparing consolidated accounts… should there be Pup adjustment like parent associate trading or these transactions ignored?

    November 3, 2016 at 8:53 pm #347294
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7217
    • ☆☆☆☆☆

    Hi,

    Yes, there is an adjustment for the PUP but you only adjust for the group share of any unrealised profit on goods unsold at the year end.

    Thanks

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