INTRODUCTION
Consolidated financial statements are an essential part of the accounting process for group companies. This key information provides perspective on the entire business, something that is often lost when looking only at figures for the parent or a single subsidiary
The use of consolidated financial statements is key today for any organisation operating within a group, no matter what stage the business is at. By opting to use consolidation software it s possible to reduce the complexity of the process of preparing these statements and optimise the way that they are used as a result.
In Consolidated Financial Statements, Financials of parent company and its subsidiaries will be consolidated as if they are a single economic entity. Preparation of Consolidated Financial Statements involves highly technical and complicated procedures -
However, worry not - Financial Statements Consolidation and Investment Accounting Training course will take you through step by step as to how consolidated financial statements are prepared.
OBJECTIVES
By the end of this Financial Statements Consolidation and Investment Accounting Course, you will: Realize the way toward consolidate Financial Statements. determine business consolidation and their related transactions. Identify business combinations and their related transactions. Apply the acquisition method for business combinations. set the acquisition strategy for business combinations. measuring goodwill and non-controlling interest.
Classify distinctive sorts of financial tools and accounting strategies for each. Account for transactions as indicated by reasonable esteem technique, equity methods and amortized cost. distinguish contrasts and likenesses between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting bases.
WHO SHOULD ATTEND ?
This Financial Statements Consolidation and Investment Accounting Course ideal for: Employees working on accounting/finance department
Students/employees want to expand their accounting/finance kwoledge
COURSE OUTLINE Day 1
Financial Instruments
Divisions of Investments.
Display of Financial tools. Characterizing accountability from Equity. Held-to-Maturity Debt Securities (HTM).
Trading Securities. Available-for-Sale Securities (AFS). fair value option (FVO) for financial liabilities to be measured through pro t or loss. identifying Fair Value. primary and following Measurement. recategorization and transmit among divisions. bands on Reclassifications.
Derecognition of Financial tools.
Accounting for Sales of Financial tools
The Recent Accounting Updates According to IFRS
Day 2
Investments in Associates
Accounting Based on the Equity Method. Conditions when Cost procedure is usable. Distinctions in Financial Year.
Intercompany Transactions among Investor and Investee.
Accounting for a fractional Sale or further Purchase of Equity Investment. Shift in standard of Ownership or Degree of Influence Accounting for Impairment.
Day 3
Transactions Accounted for as Business Combinations
determining a preparing Business. frameworks of Business Combinations. IFRS and US GAAP importance.
Day 4
Accounting for Business Combinations
Setting the Acquisition plan.
Recognizing the Acquirer.
Describing and Measuring the recognizable sensible and insensible Assets. Acquired and Liabilities Assumed.
Realizing and Measuring any Non-controlling Interest. Measuring the Consideration Transferred.
Realizing and Measuring Goodwill or Gain from a Bargain Purchase. Earning Related Costs.
Accounting for Gain on Bargain Purchase Option.
Day 5
Consolidated Financial Statements
Explaining Control . Diversities in Ownership Interest without disorder. diversities in Ownership Interest producing in Loss of Control. integration Procedures. Intercompany Transactions and Balances.
Post Combination Measurement and Accounting
Reacquired Rights
Contingent Liabilities
Indemnification Assets
Contingent Consideration
Goodwill and Gain on Bargain Purchase Options
Measurement of Goodwill.
Fragility of Goodwill.
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
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CONTACT
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
LONDON
Oxford Street Offices:
London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
West London Office: 47 49 Park Royal Road London NW10 7LQ
+44 (0) 20 80 900 464
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KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694
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