Preparing Consolidated Financial Statements

Formation
Formation
& Examen
Examen
Nouveau
EN
Cours du jour

Sur demande

14 h + 2 h d'examen
CP008CJ
490,00 EUR

Objectives


At the end of the training, the participants will be able to:

  • describe what consolidation is and when it has to be performed

  • explain the term “control” and identify whether it exists or not in various business combinations

  • prepare a consolidated balance sheet and profit or loss account for a basic group of companies with goodwill, fair value adjustments, non-controlling interest, and other consolidation adjustments

Programme


  • Introduction to consolidated accounts (subsidiaries, associates, investments)

  • Consolidation – the procedure

  • Consolidated statement of financial position

  • Eliminating the investment

    • Eliminating intercompany balances

    • Goodwill

    • Pre-acquisition profits        

    • Fair value adjustments

    • Non-controlling interest    

    • Intra-group trading

    • Acquisitions part way through the year

  • Consolidated statement of profit or loss

    • Non-controlling interest

    • Intra-group trading

    • Acquisitions part way through the year

  • Foreign operations

Target Audience


The training has been developed for accounting professionals who would like to expand their knowledge and acquire additional skills.

This training is especially for you if you:

  • work as an accountant, but have no consolidation knowledge 

  • have learnt consolidation in the past, but have never actually done it in practice

  • imagine consolidation as something extremely complicated and feel overwhelmed by the idea of ever having to perform it

  • are an ACCA student and will be sitting your “Financial Reporting” exam in the near future

Prerequisites


No consolidation knowledge required. A solid accounting knowledge is a must.

Certificate


At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.

Course material


The training material will be handed out at the beginning of the course.

Lieu

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