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Profit Elimination

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11:37 Feb 13, 2008
English to English translations [Non-PRO]
Bus/Financial - Economics / Reports Consolidation
English term or phrase: Profit Elimination
Hello,
My name is J.Carlos and I work with Economics matter, here in Brasil, for a automibilistc company. Due to Brasil has assigned the IFRS agreement, last year, we are looking for some information in order to support all understand about this international way of report the financial issues.
So, I would like to know in opinion about profit elimination of inventory when we need consolidate the figures of the same company, located in differents countries.
I. E. Is it correct classified all profit elimination of inventories, in the sold products in the current month?
And when we have a decision to increase the inventory by an estrategic plan, we must includ the extra profit value of inventory in the same sales costs of the currenty month?

thanks in advance

José Carlos
Oliveira, José Carlos
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