Course description
Consolidated financial statements are an essential part of the accounting process for group companies. This key information provides perspective on the entire business, something that is often lost when looking only at figures for the parent or a single subsidiary
The use of consolidated financial statements is key today for any organisation operating within a group, no matter what stage the business is at. By opting to use consolidation software it’s possible to reduce the complexity of the process of preparing these statements and optimise the way that they are used as a result.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Financial Statements Consolidation and Investment Accounting Course ideal for:
- Employees working on accounting/finance department
- Students/employees want to expand their accounting/finance kwoledge
Outcome / Qualification etc.
By the end of this Financial Statements Consolidation and Investment Accounting Course, you will:
- Realize the way toward consolidate Financial Statements.
- determine business consolidation and their related transactions.
- Identify business combinations and their related transactions.
- Apply the acquisition method for business combinations.
- set the acquisition strategy for business combinations.
- measuring goodwill and non-controlling interest.
- Classify distinctive sorts of financial tools and accounting strategies for each.
- Account for transactions as indicated by reasonable esteem technique, equity methods and amortized cost.
- distinguish contrasts and likenesses between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting bases.
Training Course Content
Day 1
Financial Instruments
- Divisions of Investments.
- Display of Financial tools.
- Characterizing accountability from Equity.
- Held-to-Maturity Debt Securities (HTM).
- Trading Securities.
- Available-for-Sale Securities (AFS).
- fair value option (FVO) for financial liabilities to be measured through profit or loss.
- identifying Fair Value.
- primary and following Measurement.
- recategorization and transmit among divisions.
- bands on Reclassifications.
- Derecognition of Financial tools.
- Accounting for Sales of Financial tools
- The Recent Accounting Updates According to IFRS
Day 2
Investments in Associates
- Accounting Based on the Equity Method.
- Conditions when Cost procedure is usable.
- Distinctions in Financial Year.
- Intercompany Transactions among Investor and Investee.
- Accounting for a fractional Sale or further Purchase of Equity Investment.
- Shift in standard of Ownership or Degree of Influence
- Accounting for Impairment.
Day 3
Transactions Accounted for as Business Combinations
- determining a preparing Business.
- frameworks of Business Combinations.
- IFRS and US GAAP importance.
Day 4
Accounting for Business Combinations
- Setting the Acquisition plan.
- Recognizing the Acquirer.
- Describing and Measuring the recognizable sensible and insensible Assets. Acquired and Liabilities Assumed.
- Realizing and Measuring any Non-controlling Interest.
- Measuring the Consideration Transferred.
- Realizing and Measuring Goodwill or Gain from a Bargain Purchase.
- Earning Related Costs.
- Accounting for Gain on Bargain Purchase Option.
Day 5
Consolidated Financial Statements
- Explaining “Control”.
- Diversities in Ownership Interest without disorder.
- diversities in Ownership Interest producing in Loss of Control.
- integration Procedures.
- Intercompany Transactions and Balances.
Post Combination Measurement and Accounting
- Reacquired Rights
- Contingent Liabilities
- Indemnification Assets
- Contingent Consideration
Goodwill and Gain on Bargain Purchase Options
- Measurement of Goodwill.
- Fragility of Goodwill.
Request info
London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...