Description
Objectives
At the end of the training, the participants will be able to:
- describe what consolidation is and when it has to be performed
- explain the term “control” and identify whether it exists or not in various business combinations
- prepare a consolidated balance sheet and profit or loss account for a basic group of companies with goodwill, fair value adjustments, non-controlling interest, and other consolidation adjustments
Programme
- Introduction to consolidated accounts (subsidiaries, associates, investments)
- Consolidation – the procedure
- Consolidated statement of financial position
- Eliminating the investment
- Eliminating intercompany balances
- Goodwill
- Pre-acquisition profits
- Fair value adjustments
- Non-controlling interest
- Intra-group trading
- Acquisitions part way through the year
- Consolidated statement of profit or loss
- Non-controlling interest
- Intra-group trading
- Acquisitions part way through the year
- Foreign operations
Target Audience
The training has been developed for accounting professionals who would like to expand their knowledge and acquire additional skills.
This training is especially for you if you:
- work as an accountant, but have no consolidation knowledge
- have learnt consolidation in the past, but have never actually done it in practice
- imagine consolidation as something extremely complicated and feel overwhelmed by the idea of ever having to perform it
- are an ACCA student and will be sitting your “Financial Reporting” exam in the near future
Prerequisites
No consolidation knowledge required. A solid accounting knowledge is a must.
Conditions
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Certificate
At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.
Location
L-1615 Luxembourg
Luxembourg
Sessions and schedules
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