Course description
This live and interactive online session is designed to bring all those involved in preparing and auditing consolidated financial statements, or in dealing with business transactions including reorganisations and restructurings, fully up to date.
It is aimed at experienced accountants and will look at the current UKGAAP requirements for these transactions but will also compare these with the IFRS rules wherever necessary. Join leading trainer David Potts in our virtual classroom as he discusses a range of topics including what makes a ‘group’, acquisition accounting, inter-group transactions, accounting for reorganisations and the use of ‘merger’ accounting, and investments in foreign subsidiaries.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This highly practical live broadcast session is designed to bring all those involved in preparing and auditing consolidated financial statements, or in dealing with business transactions including reorganisations and restructurings, fully up to date.
The session is aimed at experienced accountants, and will look at the current UKGAAP requirements for these transactions, but will also compare these with the IFRS rules wherever necessary.
What You Will Learn
This live and interactive session will cover the following:
- What Makes a ‘Group’
- Current definitions of parent, subsidiary, associate and joint venture status
- The treatment of special purpose entities
- The requirements to prepare consolidated accounts, exemptions and the basic technique
- Acquisition Accounting
- Valuing the cost of investments - including issues around deferred and contingent consideration
- Valuing the separable assets acquired and goodwill
- Subsequent measurement, amortisation and impairment provisions
- Inter-group Transactions
- Transfers of assets and services and transfer pricing payments
- Impact of the above on distributable profits and impairment testing
- Accounting for Reorganisations and the use of ‘Merger’ Accounting
- Investments in Foreign Subsidiaries
- Treatment of foreign exchange gains and losses and the hedging concessions
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...