Consolidated financial statements analysis training

Prerequisites

It is necessary to understand the company's financial statements

Objectives

◗ Gain a thorough understanding of the specific features and terminology of consolidated financial statements.

◗ Interpret consolidated financial statements in accordance with the French accounting standard ANC 2020-01 or international standards (IFRS).

◗ Identify the effects of accounting choices and restatements on the consolidated financial statements.

◗ Conduct an initial financial analysis.

Training program

◗ Understanding the logic and challenges of consolidation

– Who performs the consolidation? Why?
– Identify the applicable accounting framework
– Consolidated financial statementsvs. separate financial statements: What are the differences in presentation, and how do they impact ratios and analysis?
– Understanding and accounting for other comprehensive income (OCI)?
✔ UNDERSTANDING | Comparative analysis: Key differences between consolidated and separate financial statements

◗ Understanding the impact of consolidation on analysis

– Key Issues and Points to Watch for When Conducting a Financial Analysis of Consolidated Financial Statements
• Understand the key steps in the consolidation process
• Do not confuse interests with control
• Identify the scope of the analysis
• Understand the impact of consolidation methods on financial statements
• Be vigilant regarding consolidation adjustments
✔ UNDERSTAND | Diagram: Relationship between level of control and consolidation method
✔ APPLY | Practical exercise: Converting from separate financial statements to consolidatedfinancialstatements
✔ APPLY | Practical exercise: Identifying the impact of consolidation methods on financial statements
✔ EVALUATE | Quiz on the scope of consolidation
✔ UNDERSTAND | Brainstorming: What are the challenges for the analyst at each stage of the consolidation process?

◗ Handle business combinations

– Calculating Goodwill and Tracking It Over Time
– PPA (Purchase Price Allocation) and Its Impact on Financial Statements
✔ PRACTICE | Case Study: Calculating Goodwill Under French Accounting Standards and IFRS
✔ PRACTICE | Case Study: Accounting for an Acquisition in the Consolidated Financial Statements

◗ Technical points: identifying points of vigilance and issues for the analyst

– Capitalization of Lease Agreements
– Challenging Impairment Tests
– When Should a Provision Be Recognized?
– Accounting for post-employment benefits
– Understanding deferred taxes and interpreting tax evidence
✔ UNDERSTANDING | Brainstorming: Which line item(s) related to deferred taxes should the analyst pay particular attention to, and why?

◗ Reading and Understanding a Cash Flow Statement (CFS)

– Identify discrepancies between accounting results and cash flow
– Establish the link between the financial cycle and the cash flow statement
– Understand cash generation and consumption
✔ UNDERSTAND | Brainstorming: What are the main non-cash flows that impact balance sheet items but should not affect the cash flow statement?
✔ APPLY | Case study: Analysis of a cash flow statement

Why choose this course?

Compared to separate financial statements, there are numerous differences resulting from consolidation techniques and IFRS standards. Understanding these differences is an essential prerequisite for the financial analysis of consolidated financial statements. Furthermore, the impacts can vary significantly from one group to another.

This training course covers the key points of consolidation and helps participants improve their financial analysis skills.

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 teaching 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: theoretical concepts are alternated with 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.

Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

2,090 EXCL.

Testimonials

Consolidated financial statements analysis training

Jonathan C.
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Training

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Consolidated financial statements analysis training