Analyzing consolidated accounts
  • Accounting and Consolidation under US GAAP - Accounting production: Know how to prepare consolidated accounts under US GAAP
  • Audit and control - Auditing consolidated accounts under IFRS and French GAAP. Performing a quality audit. Auditing Internal Control
  • Consolidation - Know consolidation principles and methods (Full consolidation – Equity method) Know how to analyze consolidated accounts.
  • Consolidation scope - Consolidation scope - First consolidation - Goodwill – Control - Minority interests
  • Consolidation under IFRS - Accounting production: Know how to prepare consolidated accounts under IFRS.
  • Financial analysis and diagnosis - Balance sheet aggregates (FRN, WCR, Cash), net debt and financial analysis ratios. Know how to analyze financial structure, liquidity and solvency.
  • IFRS standards - International Financial Reporting Standards
  • Intra-co and interco, transfer pricing - Understand Intra-co and interco, as well as transfer prices
  • Merger Acquisition Transaction - Master the implementation of the merger & acquisition/disposal process (letter of intent, due diligence, acquisition audits and data room, binding offer, negotiation, closing, etc.) Understand the legal environment of the transaction
  • Operating Cash Flow - Know how to calculate and analyze Cash Flow and Free Cash Flow using direct and indirect methods. Cash forecasting, steering and WCR optimization: - Know how to calculate cash flows - Know how to establish cash positions - €/currencies - Know how to calculate and interpret the main current asset turnover ratios (DSO, DPO, DII) - Know how to prepare and reconcile cash flow forecasts - Master Cash Flow and WCR optimization tools in relation to operations.

Target audience

- Accountants
- Bankers / Account Managers
- Management controllers
- Members of the financial communication department
- Members of the legal department

2 day

Prerequisites

It is recommended to have a reasonable prior knowledge of annual statements.

Objectives

– Know and understand the specificities and vocabulary used in consolidated accounts
– Know how to read and interpret consolidated financial statements, prepared under French (CRC 99.02) or international accounting standards (IFRS)

Detailed content

> The context: consolidated accounts and IFRS standards

– Who prepares consolidated financial statements? Why?
– Identifying the framework used
– The fundamentals of IFRS. The impact of IFRS on groups.
– Consolidated and individual accounts: what are the presentation differences and what are the impacts on ratios and analysis?
– How to understand and analyze other comprehensive income (OCI)?

> Understanding the scope of consolidation and consolidation methods

– What companies should be included within the scope and what methods should be applied: the rules under IFRS and French rules, the impacts on financial statements and additional information to be included in the notes

> The pre-eminence of economic substance over legal form and its impacts on accounts: two practical examples

– Lease agreements
– Employee benefits

> Specificities of consolidated accounts

– Goodwill: what does it represent at the time of acquisition and afterwards?
– Deferred tax: when should they be recognized? What is at stake?
– Equity-consolidated companies. Non-controlling interests.

> Impacts of purchase accounting: important differences

> Financial instruments and hedging: significant IFRS specificities

– Increased use of fair value. Amortized cost and the notion of effective interest rate. Requirements and conditions for applying hedge accounting. Challenges for companies. Impacts on equity.
– Hybrid financial instruments: impacts on equity, the balance sheet and the profit and loss statement

Why you should attend?

Compared to stand-alone accounts, the differences introduced by consolidation techniques on one hand and by IFRS on the other are numerous. Understanding these differences is necessary to perform a financial analysis of consolidated accounts.
Moreover, the impacts can be very different from one group to another. This training program provides a good understanding of the fundamentals necessary for consolidation and allows you to improve your financial analysis practical skills.

Training methods and assessment

Presentation supported by many examples, case studies to analyze the impacts on financial ratios, analysis of a listed group, and a “check-list” to identify key points of financial statements.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail and telephone to answer any follow-up questions participants may have.

Price

1 840 € Excl. VAT – 2 208 € Incl. VAT

Médias

illustration restaurant ifrs

Témoignages

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Jonathan C.
Entreprise
Formation