Equity method – Master all the impacts in IFRS
  • Business combinations - Business combinations
  • Consolidation scope - Consolidation scope - First consolidation - Goodwill – Control - Minority interests
  • 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

Target audience

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

1 day

Pré-requis

This training does not require any particular prerequisite.

Objectives

– Master all the IFRS treatments relating to associates and joint ventures accounted for under the equity method: from acquisition to the different exit scenarios
– Understand how to disclose information on equity method investments according to IFRS 12 and the impact on segment reporting (IFRS 8)

Detailed content

> Acquiring a joint venture or an associate

> Post-acquisition accounting

– Net income under the equity method
– Particular cases: out-of sync year ends, negative equity
– Converting joint ventures and associates in foreign currencies
– Net investment hedging
– Other variations booked directly in OCI (Other Comprehensive Income)

> Current transactions between group and joint ventures and associates

– Deferred tax, dividends, “upstream” and “downstream” transactions with the investor
– Intra-group eliminations between associates

> Equity method investments and impairment test

> Divesting a joint venture or an associate

– Total divestiture
– Variations involving a change in consolidation method
– Partial transfer without change of consolidation method

> The impacts on the construction of the cash flow statement

> Applying IFRS 12

– Determining what to present separately for joint ventures and associates Individualized/aggregated disclosures
• Thresholds to use
• Summary financial information (income statement, balance sheet and cash flow)
• Other possible aggregates and associated risks

– Reconciling net asset and shares

> Other information

– Segment reporting (IFRS 8)
– Information to be disclosed with respect to related parties (IAS 24) concerning joint ventures and associates

Why should you attend?

With the elimination of the option for proportionate consolidation, joint ventures are recorded under the equity method. This increases its use and multiplies the situations to be treated. Meanwhile, the obligations and options of this method are sometimes not well known.
This training allows to perform the necessary review and optimize compliance.

Training methods and assessment

For every theme, principles are presented, followed by examples or by practical cases, completed by numerous illustrations taken from current events and real cases.
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

1 020 € Excl. VAT – 1 224 € Incl. VAT

Médias

Témoignages

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Jonathan C.
Entreprise
Formation