Tradings between subsidiary and associate company in consolidition

This topic has 1 reply, 2 voices, and was last updated 9 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
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: 7232
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
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.