Intragroup transactions and unrealised profits

Intragroup assets, liabilities, income, expenses and cash flows are eliminated in full, including unrealised profits or losses on remaining assets, because the group earns nothing by selling to itself.

In this lesson

1. 2Understand
2. 3The IFRS rule
3. 4Numerical example
4. 5Journal entry
5. 6Key points
6. 7Exercises