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22:25 Mar 15, 2008
This question was closed without grading. Reason: Answer found elsewhere
English to English translations [PRO] Bus/Financial - Accounting
English term or phrase:upstream
Could anyone provide me with an explanation of this term?
This is the sentence where the term is found:
"In the calculation of the profit contribution on sales, transfer prices approximating market value for **upstream products** should be used. If such pricing is not available, the **upstream product** should be priced at an amount that would earn the cost of capital on the **upstream assets**."
I found this only now: UPSTREAM / DOWNSTREAM SALES is normally associated with inter-company sales: Upstream is a subsidiary selling into the parent entity; while downstream is the parent selling into a subsidiary.
Adam, does this relate, would you say, to intra group supply of products, where the cost/transfer price and stock valuation might need adjustment to show profits more accurately in each set of accounts (zero effect on consolidation)?
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stage in gas/oil extraction and production before the raw material is ready for re