Preparing the consolidated statement of changes in shareholders’ equity
  • Business combinations - Business combinations
  • 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.
  • IFRS standards - International Financial Reporting Standards
  • 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

Target audience

- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidators
- Financial managers

2 day

Prerequisites

This training does not require any particular prerequisite.

Objectives

– Learn how to prepare or audit the consolidated statement of changes in shareholders’ equity
– Understand the statements presented (Comprehensive Income)
– Be able to use the individual statement of changes in shareholders’ equity as a tool to check the entire consolidation process

Detailed content

> The required format of the statement of changes in shareholders’ equity (IFRS and French GAAP)

> Preparing an individual contributive statement of changes in shareholders’ equity

– Impact of minority shareholders at entity level and at top level

> Checking consolidation entries

– The different methods to consolidate (local accounts versus adjusted accounts)
– The special case of IFRS entries directly reported in OCI: financial instruments, employee benefits and others

> Monitoring intercompany transactions

– Checking the correct elimination of dividends, share capital increases…
– Accounting for shares transfer within the scope of consolidation

> Currency translation issues

– Understanding and auditing CTA (Cumulative Translation Adjustment)
– Hedge accounting, recycling to profit and loss: accounting treatment and impact in the statement of changes in shareholders’ equity

> New acquisitions and increases in the percentage of ownership

– Purchase accounting: differences between French and IFRS requirements
– Step acquisitions and other cases of increases in ownership, potential differences between local GAAP and IFRS

> Decreases in the percentage of ownership

– Disposals: accounting in IFRS and differences with French GAAP
– Consequences of a total versus partial disposal, impact on goodwill and CTA

> Capital increases and mergers

> Other items in the statement of changes in shareholders’ equity: cancellation of treasury shares, stock options plans, changes in accounting policies and errors

Why should you attend?

The consolidated statement of changes in shareholders’ equity is a key tool to analyze and check the consolidation process. Besides, IFRS often allow or require to recognize certain transactions directly in Other Comprehensive Income (OCI). Consequently, understanding the consolidated statement of changes in shareholders’ equity is essential.
After this two-day training, you will be able to prepare, analyze and audit the consolidated statement of changes in shareholders’ equity.

Training methods and assessment

Analysis of the rules for drawing up statements of changes in shareholders’ equity, examples and case studies.
Numerous real-life illustrations.
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

1 840 € Excl. VAT – 2 208 € Incl. VAT

Médias

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Témoignages

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Jonathan C.
Entreprise
Formation