- Regulatory, financial, risk and ethics frameworks - Know the regulatory, financial, risk and ethics frameworks (Sarbanes-Oxley, AMF and SEC regulations, etc.).
- Consolidation - Know the principles and methods of consolidation (full consolidation - equity method). Analyze consolidated financial statements.
- 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
- Internal auditors
- Bankers / Account managers
- Management controllers
- Financial directors and controllers
- Tax specialists
- Accounting managers
- Members of the financial communications department
- Members of the legal department
- Financial managers
- Treasurers
- Users of financial statements
1 day
Consolidation principles training
Prerequisites
No previous knowledge required.
Objectives
◗ Describe the purpose of consolidation and the steps involved in drawing up consolidated financial statements.
◗ Identify the key information presented in each of the consolidated financial statements
◗ Identify the main transactions requiring consolidation adjustments - Interpret their impact on the financial statements
Consolidation principles
◗ Consolidation objectives
- Why consolidate? Economic vision, tax and regulatory obligations
- What is consolidation?
- Applicable standards (IFRS and French Gaap)
✔ UNDERSTAND | Illustration: consolidated financial statements
✔ ASSESS | Quiz: in your opinion... For what reasons does a company produce a set of
of consolidated financial statements?
✔ ASSESS | Quiz: what do you think... Why should the parent company's financial
in the consolidated report?
✔ APPLY | Case study: switching from individual to consolidated financial statements
◗ Consolidated financial statements
- Presentation of balance sheet, income statement and cash flow statement
- Analysis of other comprehensive income (OCI)
- Purpose and content of notes
✔ APPLIQUER | Workshop: what specific features do you identify in extracts from consolidated financial statements?
consolidated financial statements?
◗ The consolidation process
- Organizing information feedback and consolidation
- What is the purpose of the consolidation perimeter, and how is it determined?
- The concept of control
- Consolidation methods
- Companies excluded from the scope of consolidation
- Why restate local financial statements?
- Group standards
- Translation of foreign-currency financial statements
- Elimination of intra-group transactions
- Deferred taxes
- Understanding the concept of contributable equity - Group share
✔ UNDERSTANDING | Summary table of consolidation methods and their impact
impact on the accounts
✔ UNDERSTANDING | Brainstorming: why do financial data included in the
consolidation need to be restated?
✔ APPLY | Workshop: comparing consolidated accounts according to the 3 methods of
integration methods. What do you notice?
✔ APPLY | Case study: switching from individual to consolidated financial statements
according to the 3 integration methods.
◗ Introduction to business combinations
- Accounting treatment of goodwill: calculation and monitoring
- Differences between IFRS and French GAAP
✔ UNDERSTANDING | Brainstorming: why intangible assets and goodwill
an issue in consolidation?
✔ APPLY | Case study: calculating goodwill under French and IFRS standards
✔ UNDERSTAND | Illustration: accounting for an acquisition in a consolidated balance sheet
Why choose this consolidation principles course?
Consolidation is a special field, with its own language and techniques. This training course, aimed at the uninitiated, enables you to engage in dialogue with consolidators, by explaining the constraints and challenges of the consolidation process in a clear and comprehensible manner. It will help you understand the structure of the consolidated financial statements and put the information specific to consolidation into perspective.
Teaching and assessment methods
Before: self-assessment quiz
During the session: each point covered is accompanied by examples drawn 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: documentation.
The trainer is available to answer any questions relating to training and consolidation principles.
General training | FinHarmony Conseil & Formation
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Price
1,295€ EXCL. TAX
Testimonials
Consolidation principles training
Consolidation principles training
Consolidation principles training
Jonathan C.
Company
Training