- Compliance and regulatory frameworks - Know regulatory, financial, risk and ethical frameworks (Sarbanes-Oxley system, AMF and SEC regulations, etc.).
- Consolidation scope - Consolidation scope - First consolidation - Goodwill – Control - Minority interests
- Consolidation under French GAAP - Consolidation under French GAAP
- Consolidation under IFRS - Accounting production: Know how to prepare consolidated accounts under IFRS.
- Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
- Intra-co and interco, transfer pricing - Understand Intra-co and interco, as well as transfer prices
Target audience
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidators
- Financial managers
3 day
Prerequisites
This training does not require any particular prerequisite.
Objectives
– Master the complex elements of the consolidation process: scope definition, adjustments, conversion
– Be able to deal with transactions affecting the consolidation perimeter (scope variations, transactions with non-controlling interests)
– Audit the impacts of these transactions on consolidated financial accounts
Detailed content
> Rules and standards
– CRC 99-02 and 2005
– Rules 2015-06 and 2015-07: business and goodwill
• General principles
• Impact on statutory and consolidated statements process
> Organization of the consolidation process
– Tools, package’s structure, local or adjusted data, use of sub-groups
> Complex topics related to the scope of consolidation
– Defining consolidation scope and exclusions: control and methods of consolidation
– Deferred tax
– Converting accounts in foreign currencies
> Purchase accounting
– Principles
– Identification and measurement
• Identifying assets and liabilities acquired
• Measuring and accounting for assets and liabilities: the issues
• Dealing with earn out clauses and guaranties
– Remeasurements and goodwill recognition follow-up in time
> Accounting for changes in shareholding
– Step acquisitions
– Increasing/decreasing ownership (with and without loss of control)
– Internal group restructuring
> Consolidated financial statements presentation: balance sheet, profit or loss, statement of changes in equity, statement of cash flows, notes
Why should you attend?
Consolidation is a specific technical area involving complex mechanisms. This training enables participants to master all the challenges through different and progressive practical cases in order to prepare or audit consolidated financial statements.
Training methods and assessment
Detailed technical presentation, immediately applied on realistic and concrete case studies during the session.
Assessment questionnaire.
A training certificate is delivered at the end of the session.
The trainer is available by e-mail to answer any follow-up questions participants may have.
Price
2 150 € Excl. VAT – 2 580 € Incl. VAT
Médias
Témoignages
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Jonathan C.
Entreprise
Formation