Accounting Policies and Procedures
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Accounting and Finance · AF-045
Consolidated Financial Statements
Groups must combine the results of parents, subsidiaries, joint ventures and associates into consolidated financial statements. Consolidation involves complex…
- Duration5 days
- Next date16 - 20 Nov 2026
- Cities6 cities
- Fee from£2,840
Course overview
Why Attend
Groups must combine the results of parents, subsidiaries, joint ventures and associates into consolidated financial statements. Consolidation involves complex eliminations and judgements.
This LLMI course covers control under IFRS 10, consolidation procedures, goodwill and non-controlling interests, intragroup eliminations, foreign subsidiaries, associates and joint ventures, changes in ownership and consolidation processes. Participants prepare consolidated statements.
Course Objectives
Assess control under IFRS 10
Perform consolidation procedures
Account for goodwill and non-controlling interests
Eliminate intragroup balances and transactions
Consolidate foreign subsidiaries
Account for associates, joint ventures and ownership changes
Target Audience
Group accountants
Financial controllers
Consolidation specialists
Auditors
Finance managers
IFRS reporting staff
Course Methodology
Worked consolidations
Spreadsheet labs
Case studies
Group discussions
Reviews
Course outline
-
1Day 1: Control and Group Structures
- Control assessment
- Group structures
- Scope
- Reporting dates
- Exercise: Control analysis
-
2Day 2: Consolidation Basics
- Consolidation process
- Goodwill
- Non-controlling interests
- Fair value adjustments
- Lab: Simple consolidation
-
3Day 3: Eliminations
- Intragroup balances
- Unrealised profits
- Dividends
- Intragroup loans
- Exercise: Eliminations
-
4Day 4: Foreign Operations and Associates
- Foreign currency translation
- Associates
- Joint ventures
- Equity method
- Case study: Multinational group
-
5Day 5: Ownership Changes and Process
- Acquisitions and disposals
- Step acquisitions
- Consolidation process
- Systems and controls
- Capstone: Group consolidation
Dates and fees
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