- Regulatory, financial, risk and ethics frameworks - Know the regulatory, financial, risk and ethics frameworks (Sarbanes-Oxley, AMF and SEC regulations, etc.).
- NF consolidation (French GAAP) - French GAAP consolidation
- IFRS consolidation - Accounting production: How to produce IFRS consolidated financial statements
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Intra-co and interco, transfer prices - Understanding Intra-co and interco, as well as transfer prices
- Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests
Understanding and implementing
Target audience
- Consolidators
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
3 day
French GAAP consolidation training
Prerequisites
No prior knowledge is required.
Objectives
◗ Implement the main steps in the consolidation process: determining the scope, restatements, conversion
◗ Process transactions affecting the Group's scope of consolidation (changes in scope, transactions with minority shareholders)
◗ Check the impact of these transactions on the consolidated financial statements
Training program
◗ General principles
- ANC regulation 2020-01
- Regulations 2015-06 and 2015-07: goodwill and goodwill on acquisition
- The 3 consolidation methods: IG, IP and MEE
- Presentation of the stages in the consolidation process
✔ UNDERSTANDING | Brainstorming: what is consolidation?
✔ APPLY | Case study: from individual to consolidated financial statements
according to the 3 consolidation methods
◗ Treatment of business combinations: purchase method
- Valuation principles
- Valuation and recognition
- Determining and monitoring goodwill
- Treatment of negative goodwill
✔ APPLY | Case study: determining and accounting for goodwill
◗ Presentation of the consolidated financial statements
- Requirements of ANC regulation 2020-01
- Presentation of consolidated financial statements: income statement, statement of comprehensive income, balance sheet,
cash flow statement, changes in shareholders' equity, and notes to the financial statements
- External control: audit objectives
✔ UNDERSTANDING | Review of consolidated group financial statements
◗ Complex points relating to the consolidation process
- Determining the scope of consolidation: control analysis, choice of method
- Organization of consolidation: tools, structure of the reporting package, input of social
or restated data, preparation of sub-consolidations
- Data reporting and reprocessing: controls to be implemented, management of retained earnings
mandatory and optional methods
- Conversion of company financial statements in foreign currencies (difference between
transaction conversion and consolidation conversion)
- Proportional accounting
- Elimination of internal transactions: focus on the treatment of dividends,
capital gains and internal provisions
- Determining and accounting for deferred taxes: permanent differences vs.
temporary differences
- Elimination of securities and division of shareholders' equity
✔ UNDERSTAND | Diagram: link between level of control and consolidation methods
✔ UNDERSTANDING | Brainstorming
✔ UNDERSTANDING | Illustration: reconciliation table
from local equity to group equity
equity by entity
✔ APPLY | Case studies on each stage of the consolidation process
Why choose this course?
The preparation of consolidated financial statements involves complex mechanisms. This training course provides an understanding of all the issues involved, through a series of progressive case studies, in preparing or auditing consolidation.
Teaching and assessment methods
Before: self-assessment quiz
During the session: each point covered is accompanied by numerical examples taken from real-life situations and published financial statements. Practical case studies (including accounting diagrams), interactive quizzes and discussions during the session ensure that knowledge is acquired.
Afterwards : the trainer is available to answer any questions relating to the training.
General training | FinHarmony Conseil & Formation
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Price
2,750€ EXCL. TAX
Testimonials
French GAAP consolidation training
French GAAP consolidation training
French GAAP consolidation training
Jonathan C.
Company
Training