What is urp in accounting?

Accounting URP abbreviation meaning defined here. Note that the following applies to international accounting standards (IFRS and IAS). The unrealised profit URP in inventory is calculated as 2 million x 25125 from ACCOUNTING 5150 at The Chinese University of Hong Kong. In the exam paper on June 2006 in the question about consolidation the URP should be calculated: “…Systan had made a consistent profit of.