02-13-2011, 07:21 PM
Hi all
i am asking you about IFRS principle.
Goods are produced in China and sent to Japan directly. We have 5 companies in China.
However we also have company in HK whose role in financing holding company.
As far as i know, timing of sales is the point when they receive goods, in this case, Japan in case good sent directly Japan. However, possible we take FOB that means HK.
Anyone please help me out
Thank you
i am asking you about IFRS principle.
Goods are produced in China and sent to Japan directly. We have 5 companies in China.
However we also have company in HK whose role in financing holding company.
As far as i know, timing of sales is the point when they receive goods, in this case, Japan in case good sent directly Japan. However, possible we take FOB that means HK.
Anyone please help me out
Thank you
