Financial Statements - Inter company adjustments
At long last I am due to sit this exam a week on Friday and having worked through some practice assessments I seem to be getting a bit muddled with the treatment if inter company adjustments when it comes to calculating revenue and cost of sales dependant upon the transaction i.e. goods left unsold etc in the consolidated statement of comprehensive income. Does anyone have an simple/easy to remember explanations? I could lose easy marks if I get this question and can't get it sussed!
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