Financial Accounting and Group Consolidation

Course objectives

• Apply acquisition accounting and calculate goodwill on business combinations
• Prepare consolidated statements of financial position and comprehensive income
• Process intercompany eliminations, unrealised profit adjustments, and non controlling interests
• Translate foreign subsidiary financial statements for group consolidation
• Account for associates and joint ventures using the equity method

Who should attend

• Group accountants and consolidation specialists
• Financial reporting managers in holding company structures
• Subsidiary finance managers reporting into a regional or global group
• Chartered accountants preparing for group reporting responsibilities
• Finance staff involved in mergers and post acquisition integration

Course outline

1. 01Business combinations and acquisition accounting fundamentals
2. 02Goodwill calculation and subsequent measurement
3. 03Consolidation mechanics and intercompany elimination entries
4. 04Non controlling interests and step acquisitions
5. 05Foreign currency translation of subsidiary accounts
6. 06Equity accounting for associates and joint ventures

Scheduled sessions