IFRS consolidation techniques - Principles and methods
  • Regulatory, financial, risk and ethics frameworks - Know the regulatory, financial, risk and ethics frameworks (Sarbanes-Oxley, AMF and SEC regulations, etc.).
  • IFRS consolidation - Accounting production: How to produce IFRS consolidated financial statements
  • Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
  • Tax consolidation - Deferred tax, tax proof, tax consolidation
  • Intra-co and interco, transfer prices - Understanding Intra-co and interco, as well as transfer prices
  • IFRS - International Financial Reporting Standards (IFRS)
  • Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests

Understanding and implementing

Target audience

- Internal auditors
- Accountants
- Consolidators
- Management controllers
- Chartered accountants
- Financial managers

3 day

Prerequisites

No special prerequisites are required.

Objectives

- Know how to implement techniques to ensure the transition from parent company financial statements to consolidated financial statements under IFRS, and master the corresponding entries.
- Understand and apply the requirements for the presentation of consolidated financial statements and notes.

Contents

> Regulations

- IFRS standards dealing with consolidation (IFRS 10, 11, 12, IAS 28 and IFRS 3)
- Certification and publication of consolidated financial statements

> Consolidation organization

- Tools, structure of the reporting package, input of social or restated data, preparation of sub-consolidations

> Consolidation scope: which companies to consolidate and how?

- Full consolidation: accounting for subsidiaries under IFRS 10
- Joint operations, joint ventures and associates: application of IFRS 11 and IAS 28
- Companies outside the scope of consolidation

> What adjustments need to be made to obtain "group" financial statements?

> Foreign currency translation of financial statements and transactions

> Elimination of intra-group transactions

- No impact on net income or Group shareholders' equity
- With impact on income and/or shareholders' equity

> Deferred tax treatment

> Determining and monitoring goodwill

> Elimination of shares and allocation of shareholders' equity between shareholders of the parent company and non-controlling interests (formerly known as "minority interests").

> Presentation of consolidated financial statements: income statement, statement of comprehensive income, balance sheet, cash flow statement, statement of changes in shareholders' equity, and notes to the financial statements

Why choose this course?

Consolidation is a special kind of accounting technique, requiring the application of a number of fundamental mechanisms. This training course will help you master them, so that you can prepare your consolidated accounts. In addition, an understanding of the principles involved will enable you to secure the automated processing of consolidation software packages.

Pedagogy and assessment methods

Upstream: self-assessment quiz
During the session: each point covered is accompanied by practical examples and published financial statements. Practical cases (including accounting diagrams), interactive quizzes and discussions during the session ensure that you have acquired the knowledge you need.
Downstream: documentary contributions.
The trainer is available to answer any questions relating to the training.

Price

2,750 EXCL. TAX

Media

19- Not seen, not taken
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Testimonials

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Jonathan C.
Company
Training