University of the West Indies at St. Augustine

FINANCIAL

FINANCIAL 3048

zen Answer to Graded discussion.docx - Scenario Many companies transfer inventories from one subsidiary to another Often the companies have integrated

zen Answer to Graded discussion.docx

• School
• University of the West Indies at St. Augustine
• Course Title
• FINANCIAL 3048
• Type
• Homework Help
• Uploaded By
• VirginA
• Pages
• 4
• Ratings
• 100%(2)

Thispreviewhasblurredparts.Unlocktoview the full content.

Unlock Document

Scenario:

Many companies transfer inventories from one subsidiary to another. Often the companies have

integrated operations in which one subsidiary provides raw materials, another manufacture

finished products and another distributes and perhaps another sells the product at retail.

Required

:

Discuss how intercompany transfers should be treated for consolidation purposes.

NB: make reference to the related IFRS's an IAS's in your discussion.