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HELP intercompany balances reconciliation and elim
04-15-2010, 05:28 AM
Post: #1
HELP intercompany balances reconciliation and elim
hello everyone! I am preparing for IFRS testing and can't manage with this task ((((

Company A recharges a number of its costs to its Branch. The costs are recharged with 5% markup. Part of these costs are capitalized by the Branch as far as they relate to drilling of the well, which is currently the main activity of the Branch.

how the intercompany balances reconciliation and elimination process shall be organized in the consolidation module of the accounting system. Please indicate the intercompany elimination entries which will be used for consolidation purposes.

please drop me a link or HELP with this (((
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