Consolidation techniques in IFRS – Principles and methods
  • 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 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
  • Intra-co and interco, transfer pricing - Understand Intra-co and interco, as well as transfer prices
  • Tax aspects in consolidated accounts - Deferred tax, tax proof, tax consolidation

Target audience

- Accountants
- Auditeurs internes
- Chartered Accountants, Statutory Auditors
- Consolidators
- Financial managers
- Management controllers

3 day

Prerequisites

This training does not require any particular prerequisite.

Objectives

– Know and be able to apply the techniques to prepare consolidated financial statements in IFRS and master the related accounting entries
– Understand and be able to comply with the requirements for presentation of financial statements and notes

Detailed content

> Rules and standards

– IFRS related to consolidation (IFRS 10, 11, 12, IAS 28 and IFRS 3)
– Certification and publication of consolidated financial statements

> Organization of the consolidation process

– Tools, package’s structure, local or adjusted data, use of sub-groups

> Scope of consolidation: what entities to include and how?

– Full consolidation: how to apply IFRS 10?
– Joint arrangements, joint-ventures and investment in associates: IFRS 11 and IAS 28
– Entities out of consolidation’s scope

> Restatements to obtain group accounts.

> Eliminating intra-group transactions, flows and positions

– Without impact on consolidated result and/or equity
– With impact on consolidated result and/or equity

> Dealing with deferred tax

> Calculating and following-up goodwill

> Eliminating the carrying amount of the parent’s investment in each subsidiary and allocating the equity of each subsidiary to group and non-controlling interests (NCI, ex-Minority Interests)

> Presentation of consolidated financial statements: statement of financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes

Why should you attend?

Consolidation is a specific technical area: a certain number of processes need to take place. This training allows you to master then to prepare consolidated financial statements. Besides, understanding the principles allow you to secure the automatic entries booked by your consolidation software.

Training methods and assessment

Technical presentation is followed by immediate practical application via case studies.
Summary example permitting to elaborate a simple consolidation without consolidation software.
Numerous examples issued from real-life situations.
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

19- Pas vu, pas pris
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Témoignages

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Jonathan C.
Entreprise
Formation