- 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
- IFRS - International Financial Reporting Standards (IFRS)
- Consolidation scope - Consolidation scope - First-time consolidation - Goodwill - Minority interests
- Regroupement d'entreprises - Business combinations
- Mergers & Acquisitions Transaction - Master the implementation of acquisition/disposal processes (letter of intent, due diligence, acquisition and dataroom audits, binding offer, negotiation, closing) - Understand the transaction environment: negotiation, financial and regulatory environment
Specialization
Target audience
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
2 day
Prerequisites
It is recommended that you have a solid understanding of the principles and methods used in preparing consolidated financial statements or that you have completed the training course “IFRS Consolidation Techniques—Principles and Methods” [FHCIFR].
Objectives
◗ Prepare a consolidated statement of changes in equity.
◗ Interpret the published summary financial statements (statement of comprehensive income and statement of changes in equity).
◗ Use the individual statement of changes in contributed equity as a tool for verifying the consolidation process.
Training program
◗ The normative requirement
– Format for disclosing information on changes in equity in the notes to the financial statements (French and IFRS rules)
– Components of OCI
✔ EVALUATE | Quiz: When should deferred taxes be recognized and OCI reclassified?
✔ UNDERSTAND | Excerpts from consolidated financial statements
◗ Individual consolidated statement of changes in shareholders' equity
- Construction principles
◗ Presentation according to consolidation methods
– Review of the relationship between control and consolidation methods
– Impact of the entity’s “minority interests” and those of its parent(s)
✔ APPLY | Practical exercise: Preparing statements of changes in equity
✔ APPLY | Practical exercise: Impact of non-controlling interests
◗ Impact of restatements, eliminations and translation
– Different approaches to consolidating financial statements (parent company or restated financial statements)
– Special case of IFRS adjustments recognized in OCI: financial instruments, employee benefit obligations, translation adjustments
– Validation of reciprocity (dividends, capital increases, etc.)
– Treatment of reclassifications of securities within the scope of consolidation
– How to read and validate translation reserves
– Hedging and reclassification to income: accounting treatments and impact on the statement of changes in equity
✔ APPLY | Practical exercises: preparing statements of changes in equity incorporating the above elements
✔ EVALUATE | Quiz on the treatment of internal transactions
◗ Perimeter entrance
– Acquisition method under IFRS 3
– Calculation of goodwill and monitoring over time
✔ APPLY | Case study: Calculation of full and proportionate goodwill with an impact on the statement of changes in equity
✔ APPLY | Case study: Impact of a step acquisition on the statement of changes in equity
◗ Changes in the scope of consolidation
– Accounting for increases in interest percentages without a change in control
– Differences in accounting treatment between a disposal resulting in a loss of control and a partial disposal: impact on goodwill and foreign currency translation adjustments
✔ APPLY | Practical examples: preparing statements of changes in equity that reflect various changes in the scope of consolidation
◗ Special cases
– Corrections of errors and changes in accounting methods
– Elimination of treasury shares
– Stock option plans
Why choose this course?
The statement of changes in equity is a required financial statement under both French GAAP and IFRS, and its preparation requires a methodical and rigorous approach. It is an indispensable tool for analyzing and finalizing the consolidation process, as it tracks all transactions that impact net income, other comprehensive income (OCI), and equity. Over the course of two days, this training course will equip participants with the skills to master the rules for preparing, using, and verifying this tool.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
2,250 EXCL. TAX
Testimonials
statement of changes in shareholders' equity
statement of changes in shareholders' equity
statement of changes in shareholders' equity
Jonathan C.
Company
Training