Some Challenges in the Consolidation of Unrealized Intra-Group Profits and Losses
Vojislav Sekerez,
Dejan Spasić
Abstract:Procedures for eliminating internal results in practice may vary due to the different nature of the relationship between related parties, but also due to the vagueness of the accounting regulation, which opens up space for alternative procedures in practice. The ways of eliminating internal profits and losses differ primarily depending on whether full consolidation of financial statements or one-line consolidation, followed by the application of the equity method, is performed. At the same time, with both ment… Show more
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